2008 Is Resuming Right Where It Left Off

Massive stock buybacks have lured gamblers into the abyss

China already in melt-down mode
Chinese stocks (black) with Chinese GDP growth (red)

ZH: July 22, 2015
Caterpillar Sales Warning of Global Depression

Freeport McMoran (Copper Mining)

Oil and oil stocks (red)

Canadian Dollar

Canadian stocks

U.S. Railroads

All commodities (red) with global growth

Global (OECD) Carry Trades with U.S. interest rates (red)
Short Euro, Swiss, Swede. Long Aussie, Kiwi, Norway

Emerging Markets Currency

Global Risk: OFF
Shanghai Comp, Euro Stoxx, U.S. Russell 2000, Hang Seng (Hong Kong), Nikkei (Japan), Canadian stocks

U.S. Treasuries (30 Year) are well bid

My S&P Count does not allow for a new high