And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains."Simon Johnson, The Quiet Coup, May 2009
09 December 2014
SP 500 and NDX Futures Daily Charts - Santa Claus Is Coming To Town
Encouraging words about printing euros from the ECB helped to turn the markets around, with a buying campaign in the SP futures and some opportunistic dip buying in techs saving the day.
The pigmen are rubbing their hands and licking their chops, looking for a 'Santa Claus rally' to fill their bellies into the quiet trading of year end. That is a stock market rally that occurs in the very quiet holiday trading at year end and the first week in the new year.
Have a pleasant evening.
Posted by Jesse at 4:12 PM