“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead
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.