Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Saturday, May 9, 2015

Setting Up The Ground and Pound

Two weeks ago was the big blow-off top in risk. Since then, two minor retracements (see Nasdaq below):

Dow Casino:

Next week, we're looking for the third wave down at multiple degrees of trend aka. downside acceleration. Wall Street covered their shorts, thanks to the lack of jobs, so the stage is set...

Nasdaq: Today precisely filled last Monday's island reversal gap. Which sets up another island reversal potentially at this Monday's open i.e. "the" island reversal:

Biotech...

IPO ETF: Peaked last week

Submerging markets: Locus of risk

Nasdaq 100 w/Internals

Dow w/internals: