However, just to show that these fines will not change their bad behavior, yesterday a survey was released in which 1 in 4 bankers agreed that, hiding behind a veil of opacity, they would engage in illegal activity if they could make at least $10 million dollars.In my book I show a solution for restoring transparency and ending rigged global financial markets."Richard Field, Transparency Games: How Bankers Rig the World of Finance
20 May 2015
SP 500 and NDX Futures Daily Charts - Transparency Games
Stocks were floundering most of the day, but tried to rally up through overhead resistance again off the Fed minutes which were released a bit early.
Alas, a rally was not meant to be.
Stocks feel a bit heavy here, and vulnerable to exogenous risk shocks of even a relatively mild kind.
Valuations of the big talk momentum nifty stocks are almost incredible.
A few more of the career criminals, aka the Banks, were spanked lightly today for rigging yet another important global financial market.
Let's see what tomorrow brings.
Have a pleasant evening.
Posted by Jesse at 4:26 PM