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
30 January 2012
SP 500 and NDX Futures Daily Charts
There is more talk of the Facebook IPO coming out this week, perhaps on Wednesday.
If this is the case the Street will prop this market up to get that IPO priced and out the door, barring any unforeseen events from Europe.