“This is the contempt in which they hold the majority of American people and the political process: the common people are easily led fools, and everyone else who is smart enough to know better has their price.

And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains.”

Simon Johnson, The Quiet Coup, May 2009

World markets were selling off overnight, and so were US markets early this morning.

Encouraging words about printing euros from the ECB helped to turn the markets around, with a buying campaign in the SP futures and some opportunistic dip buying in techs saving the day.

Have a pleasant evening.