“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
14 May 2012
SP 500 and NDX Futures Daily Charts
By and large a tedious day, better spent reading than watching. High drama and all that, but the Facebook IPO awaits.
I did add some bullion 'on the dip' and trimmed up the more volatile hedge which had swollen in value.