Jesse's Café Américain: SP 500 and NDX December Futures

"Even the holy Name of God is being dragged into discourses of death. A world with one heavenly Father vanishes, as in a nightmare. We are met by threats, rather than the invitation to listen and come together. Those who pray are aware of their own limitations; they do not kill or threaten with death. Death enslaves those who have turned their backs on the God, turning themselves and their power into an idol to which they sacrifice every value, demanding that the world bends its knee." Leo XIV

27 September 2010

SP 500 and NDX December Futures

AAPL is driving the NDX and CAT is the bulk of the Dow Industrial rally. When stock markets become this narrowly driven on thin volumes it is generally a sign of window dressing, or tape painting, and a decline to come since the foundations are not based on sound investment but mere speculation and price manipulation. This week is the end of month and quarter for the hedge funds.