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 2, 2015
It Was a Bad Week To Stop Sniffing Glue
SPXA50R: % of stocks above 50 day moving average (red line) The blue vertical line shows Monday's all time high in the index versus SPXA50R
The rotation out of the momentum stocks to defensive stocks was a non-event for the Dow: % of stocks above 200 DMA