“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
13 April 2012
SP 500 and NDX Futures Daily Chart - Risk Off in the Wash and Rinse Cycle
Wells Fargo set record profits this morning and JPM beat the numbers.
Despite this stocks slumped giving back their gains from yesterday.
Citi reports before the bell on Monday and the Street is pessimistic.