“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
The SP 500 Futures dropped to 1120 off the open this evening on weakness in Asia, and continued concerns about sovereign debt in the Eurozone. There is still plenty of overnight, thin volume trade to permit a bounce.
This is an option expiration week, so shenanigans will be in vogue as the banks trading desks take out the wash, and rinse.
