“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
03 June 2013
SP 500 and NDX Futures Daily Charts - Bad News Is Good News For Financial Paper
The ISM Manufacturing number came in somewhat grimly today at a four year low.
What a surprise! Not.
Tomorrow is 'Rally Tuesday.'
Let's see if this pattern holds, or if the Non-Farm Payrolls report chills the bullish ardor for paper.