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.

Sunday, July 26, 2015

Every Time This Happens, Etraders Get Wiped Out

WSJ: July 17, 2015
Google's one-day $65 billion market cap gain is one for the ages

The first time a mega-cap got rocket launched to a one-day ludicrous momentary gain (Y2K), I got wiped out.

Fortunately I can't be conned by the same psychopaths over and over and over again...

Y2K:
"But Google’s market cap gain is still eclipsed by Cisco Systems Inc. On Monday, April 17, 2000, the stock jumped 17% after tumbling 24% the week before. "

2008:
After that, the next largest gain was:
"the $55.7 billion that Exxon Mobil Corp. gained on Oct. 13, 2008, when the stock bounced 17% after skidding a combined 19% the prior two sessions."

2015:
Google: $65 billion

In other words, it's extremely rare for a single stock to gain market cap greater than 411 out of 500 S&P companies, in a single day - sending the Nasdaq to a 3-std deviation .1% "Black Swan" fake overthrow...