13 February 2014

SP 500 and NDX Futures Daily Charts - Carnival of Beasts With No Hope

"He who makes a beast of himself gets rid of the pain of being human."

Samuel Johnson

"Victory is a fleeting thing in the gambling business. Today's winners are tomorrow's blinking toads, dumb beasts with no hope."

Hunter S. Thompson

The economic news this morning was not good, with unemployment claims high and retail sales off.

But corporations are doing well, and the Time-Warner deal, which ought to face some serious anti-trust scrutiny, buoyed the bubble dreams of the one percent.

Snow day here. Have a pleasant evening.