“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
15 May 2014
SP 500 and NDX Futures Daily Charts - Off the Lows
Stocks came off their lows in the afternoon.
Keep your eyes on the Russell 2000 for a better idea of the health of the recovery, and of the equity markets. The DJIA is a joke, a diversion for tourists and the media.