“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
10 December 2010
SP 500 and NDX December Futures Daily Charts
It will be interesting to see if the funds can keep this rally going into the year end. The volumes are thin.
Lots of speculation about fiscal action from China over the weekend.