18 February 2015

SP 500 and NDX Futures Daily Charts - No Reform, No Recovery

The economic data was a bit gloomy this morning.

The real economy does not seem to count for much in this blizzard of paper.

We are papering over quite a few things.

There are some 'green shoots' by way of low paid jobs, often part time.  But the lack of vitality in this economy is palpable to any but the most resolutely deluded.

On the next downturn, we may see a proper panic in pigtown.

Unless we have reform, financial and political, we will see no recovery, and no peace.

Have a pleasant evening.