S&P 500 (Dec 12) INTRADAY Review Yesterday was a blood bath. Obama was hoping for a more positive start to his second term than his first one when he was ushered into the White House just as the credit crunch was about to escalate to its very peak. However, positivity in the E-mini S&P lasted for four hours during the Asian session topping out at 1431.75 before the index dumped almost 50 points and posted its biggest down day at over 2.5% since the 31st October 2011. The capitulation
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The Monetary decisions today are not going to alter the fundamental backdrop