15 October 2013

SP 500 and NDX Futures Daily Charts - Making Sausage

"Laws are like sausages, it is better not to see them being made."

Otto von Bismarck

The histrionics are flowing heavily from Washington. And the pity is that the 'news programs' do such a poor job of setting out the issues and the mechanics of what is going on.

Typically they set one talking head against another, who spin at each other while the 'moderator' chimes in as their own political bias may prompt them.

The markets will tend to follow this US budget news.

Have a pleasant evening.