“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
10 August 2012
SP 500 and NDX Futures Daily Charts - Lowest Weekly Volume Since 1995
Quiet trading is an understatement.
This is the quietest week for trading on the NYSE since 1995.
The market action is largely meaningless until volume returns. The markets will be event-driven.