31 March 2014

SP 500 and NDX Futures Daily Charts - Slouching Into the End of Quarter

"How many do I have to kill before I get my name in the paper, or some national attention?"

Dennis Rader, the BTK Killer in a letter to KAKE-TV

The Chicago PMI missed by a country mile this morning, but that is so real economy that it hardly mattered.

Last night on one of America's most watched evening news programs, 60 Minutes, they said 'the stock market is rigged,'  with enough examples and details that even an average American might understand it.  But that hardly mattered because everyone knows, and doesn't care.

The VIX fell back to more comfortable level, as the latest adventure in foreign nation building does not seem to have triggered a major regional conflict.   Meanwhile the infrastructure at home continues to crumble and rust.

Old Yellen came out today and said that the labor market is struggling, and that more stimulus will be required, despite all the meretricious talk about the great American recovery. But that hardly mattered because things are important, but people aren't.

The know-nothings continued their crusade against the weak, the different, the elderly, and the victims in a society gone mad, who they liken to vermin and parasites. 

And the plutocracy continued to rob the public blind, while they are admired for their stature, strength, and daring, and held up as role models by a fawning corporate media.  And the intellectuals and thought leaders are silent. 

And so the quarter ended, with an air of pride in the exceptionalism of the Pax Americana.

Have a pleasant evening.