“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
Some signficant carnage for the bulls, but not over the brink just yet.
Goldman reports tomorrow morning, and we also get the CPI which looks like a low and outside number.
Ben and his Merry Prankster at the Fed might be trimming interest rates a bit to help the banks.
VIX did a moon shot today so we are in 'dead cat bounce' territory. It can go higher.
