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.
"It is crudely general to suggest collective responsibility for the German populace. It is, however, fair to suggest that those who continued to defend the idea of Germanhood publicly as the war went on—when this had become synonymous with barbarity—were in fact renouncing their humanity for the sake of individual survival and peace of mind."
Panayiotis Demopoulos, Götterdämmerung: Suicide Music
13 December 2011
SP 500 and NDX Futures Daily Charts - Big Intraday Reversal As Benny Whimpers into Year End
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.