“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
09 May 2014
SP 500 and NDX Futures Daily Charts - Complacency Abounding
We saw some reversing of the momentum stocks as the wiseguys continue to push the Fed's liquidity around the plate, trolling for buys and stops.