15 August 2012

SP 500 and NDX Futures Daily Charts - Low Volume Levitation



Cisco after the bell. Let's see if they can make the revenues. They are harder to gin up using accounting gimmicks.

Sleeply trade, with little conviction.


The Time of Antichrist


"God's temple in heaven was opened, and the ark of his covenant could be seen. And there came flashes of lightning, rumblings, peals of thunder, earthquakes, and severe storms.

A great sign appeared in the sky, a woman clothed with the sun, with the moon under her feet, and on her head a crown of twelve stars."

"...Surely, there is at this day a confederacy of evil, marshalling its hosts from all parts of the world, organizing itself, taking its measures, enclosing the church of Christ as in a net, and preparing the way for a general apostasy from it. Whether this very apostasy is to give birth to Antichrist, or whether he is still to be delayed, we cannot know; but at any rate this apostasy, and all its tokens, and instruments, are of the Evil One and saviour of death.

Far be it from any of us to be of those simple ones, who are taken in that snare which is circling around us! Far be it from us to be seduced with the fair promises in which Satan is sure to hide his poison!

Do you think he is so unskillful in his craft, as to ask you openly and plainly to join him in his warfare against the truth? No; he offers you baits to tempt you. He promises you civil liberty; he promises you equality; he promises you trade and wealth; he promises you a remission of taxes; he promises you reform.

This is the way in which he conceals from you the kind of work to which he is putting you; he tempts you to rail against your rulers and superiors; he does so himself, and induces you to imitate him; or he promises you illumination, he offers you knowledge, science, philosophy, enlargement of mind. He scoffs at times gone by; he scoffs at every institution which reveres them.

He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods. Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."

J.H.Newman, The Times of Antichrist

Jamie Dimon: Beyond God's Work, Defender of Truth


"Narcissism is a failure not of conscience but of empathy, which is the capacity to perceive emotions in others and so react to them appropriately. The poor narcissist cannot see past his own nose, emotionally speaking, and as with the Pillsbury Doughboy, any input from the outside will spring back as if nothing had happened.

Unlike sociopaths, narcissists often are in psychological pain, and may sometimes seek psychotherapy. When a narcissist looks for help, one of the underlying issues is usually that, unbeknownst to him, he is alienating his relationships on account of his lack of empathy with others, and is feeling confused, abandoned, and lonely.

He misses the people he loves, and is ill-equipped to get them back. Sociopaths, in contrast, do not care about other people, and so do not miss them when they are alienated or gone, except as one might regret the absence of a useful appliance that one has somehow lost.”

Martha Stout, The Sociopath Next Door


"Even psychopaths have emotions. Then again, maybe not...Killing is killing whether done for duty, profit, or fun."

Richard Ramirez, The Night Stalker


"I have no desire whatever to reform myself. My only desire is to reform people who try to reform me...I don't believe in man, God nor Devil. I hate the whole damned human race, including myself. I preyed upon the weak, the harmless and the unsuspecting. This lesson I was taught by others: might makes right.”

Carl Panzram, Diary of a Monster

Free the Wall Street One Percent.

Oh, that's right. We forget. Not one of the principals has even been prosecuted.


“Everyone is talking about the culture, the culture, and all that, and it’s just not true. Most bankers are decent, honorable people. We’re wrapped up in all this crap right now.

We made a mistake. We’re sorry. It doesn’t detract from all the good things we’ve done. I am not responsible for the financial crisis. I hate to tell you. We were a port of safety in the storm.

I find it unbelievable that that is the general theme—that you have to walk in a room and act like you are responsible for things you are not responsible for.

I’m an outspoken defender of the truth.

Everyone is afraid of retaliation and retribution. We recently had an event with a hundred small bankers here, and 85 percent of them said they can’t challenge the regulation because of the potential retribution. That’s a terrible thing. Okay?

This is not the Soviet Union. This is the United States of America. That’s what I remember. Guess what. It’s a free. Fucking. Country.”

Jamie Dimon, Interview with New York Magazine

For a dose of reality see the interview with Neil Barofsky below.

“The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true. It really happened. These suspicions are valid.”

Neil Barofsky