11 October 2013

SP 500 and NDX Futures Daily Charts - Wash and Rinse

VIX took a dive as Wall Street celebrated the end to the debt ceiling crisis in advance.

Actually, taking a peak at what the little people were doing, the wiseguys saw a great opportunity for a wash and rinse. Plus the private word out of Washington is that the debt ceiling fight will come to nothing, never fear. Is that just a false optimism? Things have gone awry in past times.

Everything is short term with this government. Nothing lasts, and justice is left battered on the floor.

Still, the things that count remain, and love abides outside amongst the people.