SP 500 and NDX Futures Daily Charts - Pity the Plight of the Corporate Welfare Queens

[abelenkpe]

SP 500 and NDX Futures Daily Charts - Pity the Plight of the Corporate Welfare Queens

http://jessescrossroadscafe.blogspot.com/2011/09/sp-500-and-ndx-futures-daily-charts_07.html


Big rally today and a relaxation of the fear trade.

Republican candidates debate tonight.

(snip)

Ron Paul will stick out like a sore thumb. He is third party material, although his libertarianism suits the rapacious. Still, he is not in favor of supporting the Wall Street Welfare Queens and the Military Industrial Complex in the manner to which they have become accustomed, so he will be marginalized by the GOP.

Better accept your corporate masters, or the socialists will take your money and give it to the weak, the immigrant, the unworthy. Such simplistic arguments rarely fail to sway the unthinking and the fearful.

The plight of US corporations, which are enjoying the lowest effective tax rates and fattest profits in years, and who are still digesting the gains of fraud from deregulation and pocket politicians, will be trotted out en masse like a Memorial Day Telethon for Pig-itis.

(more at link)

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Probably an accurate forecast of tonite's debate don'tcha think?