Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said
17 June 2011
SP 500 and NDX Futures Daily Charts - VIX Remains Elevated On Sovereign Default and QE3
See the intraday commentary for a size up of the market positioning and next week's events that may move it.