19 November 2014

SP 500 and NDX Futures Daily Charts - Trust Us


Stocks were under pressure much of the day.

There were more technical than fundamental reasons for the trades.

Stocks are at a key juncture.
 
The behavior of the Fed may be looked at by future historians as so bad as to be incompetent, rather than notorious, in the manner of the 'Greenspan defense.' 
 
After all, these are educated and responsible people.  How can they not be trusted?

Have a pleasant evening.