24 August 2011

SP 500 and NDX Futures Daily Charts



On Friday Uncle Ben will be speaking from Jackson Hole, and the markets are eagerly awaiting some words regarding any version of QE3.

This is of course one of the best signs of how utterly dislocated and distorted the real economy can be.

It is also a clear sign of how many 'free market capitalists' are really on the government feedbag, from bailouts to subsidies to tax breaks, of one kind or another.