09 September 2016

SP 500 and NDX Futures Daily Charts - There For All To See

“He did not care for the lying at first. He hated it. Then later he had come to like it. It was part of being an insider, but it was a very corrupting business.”

Ernest Hemingway, For Whom the Bell Tolls

"And the shark has pretty teeth,
there they are for all to see;
and Macheath has a sharp knife,
but no one knows where it may be."

Berthold Brecht, Die Moritat von Mackie Messer

Were you surprised at what happened today, the big drop on the seemingly inconsequential 'news' that the ECB may not continue to expand stimulus, and that the Fed may be inclined to raise rates, even the slightest bit?

Even as Wall Street was dipping its flags in the blood of the victims of 9/11.

You ought not to have been, if you have been following the commentary here.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

Have a pleasant weekend.