"Where such a shift in power is in favor of the governing elite, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse. Most state sponsored murder occurs under the cover of war, revolution, or guerrilla war, or in their aftermath."
R. J. Rummel
The market action was technically volatile and ugly, with a strong downside bias. The Russell 2000 Chart shows a definite divergence to the upside and the best hope for the bullish case.
Today with the simultaneous declines in the major US stock indices, the Treasury long bonds, and the US dollar we had the first indication that capital flight might be occurring. We'll have to see that continue next week to start regarding it as a trend.
