A divergence of sorts between the SP 500 and big tech NDX.
This is a year end bonus rally.
And it is a reasonable bet that it ends in tears, and a TARP-like showdown over the so-called fiscal cliff.
“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