28 January 2014

SP 500 and NDX Futures Daily Charts - Running out of Runway for The Recovery™

The FOMC announcement comes in tomorrow.

Earnings for big tech keep coming this week. Yahoo reported after hours, and the stock is selling off about 5% on the news.

The US economy is fundamentally broken at the distribution of wealth level. The Recovery™ has benefited the top one percent, because of the gaming of the rules and the profound influence that money has had on policy, both economic and fiscal.

We are seeing the classic situation of financial monopolies strangling themselves by killing off their customer base, an excess to which corrupted capitalism has been know to stray now and then. Their predatory desire to move offshore to fresher fields is being hampered by their reputations.

Have a pleasant evening.