16 January 2015

SP 500 and NDX Futures Daily Charts - With a Side of Self-Delusion

"This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men. I was very much a part of that."

John Perkins

Today was a stock market option expiration.  I was looking out for it, and ought to have reminded you, but like so many others I was caught up in the surprise that the Swiss National Bank gave us.
The carnage is being seen now in the forex traders who are seeking loans and assistance, having taken a brutal beating on a 'sure thing.'
But today that was all behind us, as the Street ignored the bad news once the European markets closed, and bid stocks up in honor of a stock market option expiration ahead of a three day weekend.
President Obama had an interesting press conference with David Cameron of the UK today.  The message was clear. 
We are the champions of the world.
Martin Luther King day is on Monday, and the US markets will be closed in observance.  
Have a pleasant weekend.