Con-o-Rama
Global Dow:
Bagholder: "A shareholder left owning worthless stocks"
Weekly Money Flow
We've never seen a divergence of this magnitude before...
The True S&P 500
The red line is the 52 week price range of the average stock (% from the bottom). To get the avg. percentage from the top, take the difference and divide by 2. (1-.66) / 2 = 17%.
The S&P index is 2.1% from the all time high i.e. it's held up by Apple, Microsoft, Berkshire, JnJ - mega-caps.
Wall Street's Greed is Tanking this Market
Only 38% of Nasdaq stocks are above their 200 DMA despite the Nasdaq Composite a mere 2% from its all time high. Two-thirds of the Nasdaq is now in a bear market.
Small Cap Stocks as a ratio of large cap stocks
Failure to rally
New NYSE 52 Week Highs:
U.S. Dollar Index:
Haven't shown this in a while:
Emerging Market Debt:
IPO Mutual Fund
Aussie: All Ordinaries
The money's gone. Moved to offshore bank accounts via debt-funded "special dividends" and insider stock options.
Only the illusion remains.
Etraders and Skynet are playing a new game called "No Way Out":
NYSE Volume (200 DMA)
The truth is only visible to those with their eyes open.
