05 August 2014

SP 500 and NDX Futures Daily Charts - Bei Mir Bist du Schön

"How can such episodes of such savage cruelty happen? The heart of man is an abyss out of which sometimes emerge plots of unspeakable ferocity capable of overturning in an instant the tranquil and productive life of a people."

Karol Józef Wojtyła

The 'better than expected' economic numbers this morning had stocks on the bounce, but this proved to be short lived as reality seemed to intrude on the recovery fantasies of Wall Street's verkäufers zu Scheiße.

It was acceptable for stocks to dip back down to test support again, but they really must find their footing and climb back again, or risk losing hold of their channel and begin a real correction. I still think that the machers have the money, compliments of the Fed.

But with the political Federals continuing to poke the Russian Bear with sticks for whatever reasons they may have, the markets can remain understandably nervous.

I have to admit that there are many things that would not make sense to me if I do not allow for the reality of a currency war, and some unfortunate decisions on the part of the Anglo-American central banks that may have compromised the politicians in a scheme to manage the price of gold, gone horribly wrong. 

And history tells us that there is no advantage that the pampered princes will relinquish willingly, without paying dearly to keep it, with other people's money and blood.

Have a pleasant evening.

The Swing Kids Swingkinder were jazz and swing music lovers in Germany in the 1930s, mainly in Hamburg (St. Pauli) and Berlin. They were composed of 12 to 18-year-old boys and girls, most of them middle or upper-class students, but with some apprentice workers as well. They admired modern Western fashions and thought, defining themselves in the style and jargon of swing, and were opposed to the fascist nationalism of the Nazi Party, especially the Hitlerjugend.  They were swept away in the madness and tides of war, a brief flicker of light and life before the deluge.