Friday, December 07, 2012

Market Week in Review

S&P 500 1,418.07 +.13%*


Photobucket

The Weekly Wrap by Briefing.com.


*5-Day Change

1 comment:

theyenguy said...

The high in the S&P of 1,465 was attained September 14, 2012, and the recent downturn to 1,412 on October 31, 2102 to 1,412, and rally to 1,418, in front on next week's Fed meeting is a rally high on the exhaustion of the ECB’s and US Fed’s monetary authority.

In the link provided, the ongoing Yahoo Finance chart of World Stocks, VT, and YAO, INDY, EWA, VGK, SPY, shows that China, YAO, India, INDY, Australia, EWA, are pulling World Stock up; while the Europe, VGK, and the S&P, SPY, are pulling World Stocks down. We are witnessing the inability of the world’s two major world banks to continue to stimulate global growth and corporate productivity.

The Fiat Money System was replaced by The Diktat Money System on December 7, 2012, as the Euro, FXE, traded below 1.30. The failure of neoliberalism’s seigniorage, that is moneyness, has introducing the Age of Austerity and the Age of Debt Servitude, where people will come to trust in the Diktat Money System, where diktat serves as currency, credit, and wealth, as exemplified in Egypt, EGPT, and Argentina, ARGT.