In other news, bloggers were branded 'deranged' for attempting to explain that the impossible is not possible. But the standard takeaway is that nothing matters until it collapses.
Chart of the week:
Exhibit A of gamblers mixing and pouring their own Kool-Aid
A blow-off spike in Chinese stocks accompanied by tanking GDP growth (red line):
More widely ignored insanity after the jump...
An IPO-inspired blow-off spike in Nasdaq internals (red line) has carved out a symmetrical three wave retracement off the October lows. Still diverging massively from the Nasdaq index (black line):
Exhibit A of gamblers mixing and pouring their own Kool-Aid
A blow-off spike in Chinese stocks accompanied by tanking GDP growth (red line):
More widely ignored insanity after the jump...
An IPO-inspired blow-off spike in Nasdaq internals (red line) has carved out a symmetrical three wave retracement off the October lows. Still diverging massively from the Nasdaq index (black line):
The German Dax and Euro (inverted) have rolled over as one as indicated last week:
Walmart indicating that all is not well in cheap junk land:
Railroads:
Norfolk Southern warned on weak revenue outlook
Lumber Liquidation:
Joining oil in the "let's pretend this isn't demand related" category:
