"An elite class that is free to operate without limits - whether limits imposed by the rule of law or fear of the responses from those harmed by their behavior - is an elite class that will plunder, degrade, and cheat at will, and act endlessly to fortify its own power."

Glenn Greenwald

After the bell Moody's cut Greek bonds to CAA2 with the outlook negative.

There was intraday commentary about the Fed's policy statement here.

I found it amusing that a few minutes after the Fed statement financial TV announced that 'gold was dropping,' and continued with that theme throughout the afternoon, without mention of the dropping dollar or stocks. Gold declined from 1210 to 1206 to the dollar.

The bankers and financiers will have another shot at managing our perceptions of their own incompetence tomorrow.

I am keeping an eye on the upcoming elections in the UK. As you know Europe and the UK are 'bellwethers' of a sort for me.

Speaking of plunder, so far the prospects for the US election next year seem bleak and best, if not dire. I see a vote of conscience in my future and it will not be for Hillary or anyone currently riding the GOP crazy train.

Things are unfolding as even a most cynical man might expect, alas. And so a fool will push his perceived advantages, blind to consequence, even to the point of the abyss.

Have a pleasant evening.