"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"
Léon Bloy
27 August 2012
SP 500 and NDX Futures Daily Charts - Quiet Day
The market is holding its breath waiting to see what Zimbabwe Ben will say at Jackson Hole on Friday.
Stocks have diverged significantly higher from commodities and the euro. Something's going to change to restore the correlations.