There was a big intra-day reversal in stocks as Benny failed to provide any QE Christmas Candy in the FOMC stocking today.
The index fell out of its triangle. The bulls have their work before them to save the day and get the Zynga IPO out the door.
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