"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. 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."
R. J. Rummel, Mass Murder and Genocide, 1994
08 July 2010
SP 500 September Futures Daily Chart
The SP futures completed a 61.8% retracement from the bottom today. Now we will see if this was a bottom and a short term trend change that can go all the way to the top of the big long term trend channel.