I saw a magnificent performance of Mozart's Requiem at Stanford with my son this afternoon. I fondly think of all the bankers when Dies Irae is sung. Plus Larry Summers. Flames of woe, indeed.
Anyway, the ES and Euro are valiantly trying to fight their way back as I am typing this. The Euro is – incredibly – up as of this writing, and the ES has trimmed a 15 point deficit to half that amount. The epic battle is being waged, because if the wedge pattern fails, the bulls are screwed beyond all hope until we reach the 1050 level I've been mentioning eight thousand times an hour.
I'm done here for the day; see you Monday morning. I'm hoping to shoot my SPY hedge in the head at the opening bell and put it out of its misery.
