Globalization is to be obliterated. Fucking buried. I like it - thanks to legions of dumbfucks for coming up with the idea...
Etraders took global war as the opportunity to go ALL IN:
The Bigger the Bubble, the Bigger the Collapse
According to this article, the average historical decline following a stock rally of "this duration", is -20%. Unfortunately, past performance is no indication of future results, as we often hear from let's see - oh right, Wall Street. Therefore, the real question on the table is what is the average decline for a stock market inflated by printed money, supported by a non-existent economy with profit margins at all time highs, manipulated by HFT bots, all in the context of human history's largest debt bubble?
HINT: It's not -20%
Eyes Wide Shut
According to this 20 year chart right here, this is the most overbought market in 20 years and the prior two declines were -50% and -55% respectively:
Just as a reminder, as to why this lunacy has continued this long, it's because ETrader confidence is stuck on maximum.
The "Fuck the Grandkids" index.
Investors "Intelligence" Bulls-Bears 50 Week Moving Average:
Speaking of blow-off top, if things seem to be getting a tad giddy once again, in stock market land, it's because they are...
Intel:
MIND THE GAP
MIND THE GAP
Baidu
Chinese internet stock du jour
Puma Biotech: the new most overvalued company in history
Price/Sales Ratio: Negative Infinity
Market cap: $7 billion
Chipotle
Remember, nothing matters until it collapses, so BTFATH