19 July 2012

SP 500 and NDX Futures Daily Charts


The real economic news is fairly dismal.

But corporate profits are good, even if revenues are coming in a bit light.

Except for Google which beat on revs and missed earnings, and Microsoft did the opposite.

Dodgy financial paper is still the major US export and most powerful domestic enterprise.

Or as the Master of Wall Street puts it:
"It rubs the lotion on its skin, or else it gets the hose again."
Resistance is futile. lol.