SP 500 And NDX Futures Daily Charts - Jackson Holes, Hunger Games

By Jesse of Jesse's Cafe Americain
Friday, August 22, 2014 4:57 PM EDT

Janet Yellen made her Fed debut at their Jackson Hole conference today.

Her remarks moved the markets back and forth a bit, and in light volumes. With little other geopolitical and economic news, the markets did a sideways consolidation.


Well, there was some news. Various government figures have started warning about a large scale terror attack by ISIS. One can only wonder what time the next building falls down. 

Not to worry one might think, at least judging by the VIX which continues to fall to relatively complacent levels, lulled by the Fed, with a milky smile on its lips.

The discussions are primarily useless on most television shows. They most often present a false dichotomy. Either the Fed must have done exactly as it has done, or it would have done nothing, with a 1930's Depression as the result. Take your pick of a purely binary choice, just like the US elections.

Perhaps there are a broader range of policy alternatives to consider? Not on Capitol bubblevision.

Have a pleasant weekend.

None.

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Moon Kil Woong • 9 years ago • Contributor's comment
What does Jackson Hole have to do with Hunger Games which is a rip off of a Japanese flick called Battle Royale. At least Battle Royale makes more sense pitting kids from the worst school against each other to discourage bad grades and poor performance. The only thing in common is there is no democracy and there are a lot of scoundrels and skullywags interested in themselves more than their country or anyone else but themselves and the rich bankers they support. What is dissimilar is they could care less about public opinion, the leaders of the countries they represent, or the public of the countries monetary system they run, thus there is no reason to kill kids or put on a event. Rather they try to hide when they meeting. They are after adults assets not kids. And they use devaluation of money (even if there is no inflation immediately) or withholding of money their weapons not guns and pistols. They also don't use fear to fight. They use debt to enslave. But the biggest difference is one is fiction and the other is not.