Friday, March 27, 2015

Manic: Check. Panic: On Deck

Social mood is diverging massively from stocks

Since the beginning of this pseudo-wreckovery, stocks have diverged from the outsourced economy. Starting in 2011, stocks diverged from global trade and commodities. Beginning last year, stocks diverged from revenues. In the past 3 months stocks have diverged from forward earnings. Now the Skynet-illusion is diverging from investors:


"Outflows from equity-based funds in 2015 have reached their highest level since 2009"


Four months to nowhere: "The invisible bear market"
Up volume as ratio of total volume:


Dow Theory Non-Confirmation
Dow Transports / Dow Industrials



Approaching the October Lows
Price range of the average Dow stock


Last ones out lose everything