SP 500 Futures Intraday

The bear raid on the metals is coming in as expected. This always happens when there is a dodgy Non-Farm Payrolls report, which is most of the time these days.  They cannot break the trend it seems, but can make it uncomfortable to go against them in the short term, those who are not able to keep the longer term trend and overall economic landscape in mind. 

As for US equities, I could not bet against broad stocks here until I see a genuine failure of a trend. The monied interests seem determined to take this tragic comedy higher, because they do not know what else to do, but to deceive and loot, and do again what has failed twice before.   They may not care, as long as they end up with rents and income producing assets.

There was a double dose of Dick Grasso and David Kelly on Bloomberg this morning, extolling the virtues of Wall Street and the wonders of the economic recovery.   That was painful to watch.  The brood of vipers on parade.

Who cares?  We'll all be rich, with more dollars than we could have ever imagined.  Just put your faith in the financial powers and your own false pride. 

And if and when that falters, then turn on the weak, the unfortunate, and the different in your prideful anger, and bully and abuse them for their 'failure' which is dragging you down.  Since we're perfect, there must have been insidious influences working against us from within.  Certainly there was no fault in the status quo and those made wealthy by deceit, fraud, and human misery.

This is what passes for reform in some circles.

I am afraid it will be getting worse before it gets better.