14 September 2011

SP 500 and NDX Futures Daily Charts



The buzzword for today is orderly, as in an orderly default for Greece, which is what the Street put forward as a means to squeeze the short interest and rally stocks today, although they faded a little bit into the close.

The US economy is slumping and the political leadership is dysfunctionally obsessed with campaign contributions, so optimism appears to be a bit misplaced.