I'll kick it off with a 'must watch' video. These are the same type of people who are doing all the talking right now. It can be shown over and over how wrong all these people are, analysts, politicians, central bankers, bloggers, all of them (I've seen videos showing what Greenspan and Bern-Qwacke have said, and they were so wrong over and over it was just crazy, and they are/were in charge of it all! And Old Yeller, she said she basically missed everything that has happened, and now she's going to be in charge!). Their track records are abysmal. Yet they make tens, hundreds of millions, are completely and utterly respected, and they get endless TV time. It is, perhaps, the thing that makes the least sense of everything I have ever seen in my entire life. Yet it is so, and I think will always be so.

http://slopeofhope.com/2013/12/a-sobering-look-behind-and-ahead.html

GZ

once again, spy to .942 and iwm to the kz.....awesome action

More important game zone.

We'll know soon. All that matters is how the market reacts when he says 'No change. The Federal Reserve has announced no change in their bond buying program...' If a taper, even a tiny one, was announced, it would 'shock the world', even though the concept has been well telegraphed. And it's all moot anyway, because soon after they start the 'taper' they will increase the amount in the 'untaper'. It's all theatrics, just like the debt ceiling/budget games.

Great charts, guys.

An apropos quote for our times:

Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.

– Groucho Marx

One more, as I wait. Like this guy should talk, he kicked off this final death spiral leg (as much as people love him...).

The nine most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’

– Ronald Reagan

Look at that pop. Who already knows something?

Originally posted by jimkane

I know everyone is gone, but just one more comment. These guys are just too funny. They gun it up in the short Friday after regular futures close session, and take out the HOD by one tick. Same old, same old. Like I said, it doesn't matter how much they made it look like it could roll over, it was pretty likely, I felt, that they would follow the same pattern they keep following. Another new all-time high, closing essentially at the high. Nothing ever changes with these maniacs, and until the system completely implodes (something I'm starting to think won't happen until long after I'm gone), I can't see it changing.

Jim,

Thank you for your great commentary!

Al Kamego