“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
21 January 2011
SP 500 and NDX March Futures Daily Charts
Weakening momentum and light volumes.
Any event will likely do it, even if Benny throws his best slop at it.
But if volumes remain light and the markets detached from reality, they can drift on monetization.