re: congestion in s&p chart, ncp up Mr Market again had his jollies slamming his knee, hard , into the shorters groins overnight. US earnings are not that bad and the mood supposedly lightening there.
Lots and lots of fresh additions to dole queues Stateside, as labor pays the price through pain, of the free and easy years for CEOs .... Suspect huge retrenchments still to follow there as jobs move to China.
Underlying vola continues to fall, NCP was up 4.44% or whatever, which conflicts with a bearish view.
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