Who wants more Kool-Aid?
Diverging Markets
Emerging Markets versus S&P
Dow with Internals: The blue line shows internals at the 2007 top
(bottom pane is correlation between the index and average stock):
(bottom pane is correlation between the index and average stock):
U.S. daily crude production (w/oil price). Production is highest level since 1973 (red line)
Despite record inventories of oil, daily production just keeps rising. Wait until they run out of places to store the oil, which should occur within the next 90 days or less. At that point in time, spot crude prices will collapse.
The State of Globalization
Shipping stocks. Correlation to the Dow, bottom pane:
All Commodities
The Toronto Stock Exchange
With Internals. It's 2008 all over again...
The Carry Trades
Irrational Exuberance:
ETraders throwing their last dollars away on profitless garbage
ETraders throwing their last dollars away on profitless garbage
IPO ETF:
The German Dax with the Euro. Guess which is which
Ode to printed money
Too Big To Bail
This market will suck in every dumbfuck it can find, prior to puking them all out at the bottom.
Position accordingly.
