The Idiocracy Is Decoupled. From Reality.

U.S. markets just had their worst flash crash in history, as unprecedented overnight futures selling "came out of nowhere" via the Yen Carry unwind and programmed selling. It's a buying opportunity...

"Bottoming" visualized:
The last times the average stock fell to these levels, people were panicking to get out. Not trying to buy the fucking dip... 
52 week range of average S&P stock:

Barron's...
“We expect the U.S. economy will avoid contagion and continue to expand...The stock market responded sharply and excessively to fears of a slowdown in China,” ...


"Buy some JP Morgan"
Because a $237 billion company Flash Crashing back to 2013 levels is no cause for concern...

It's perfectly normal for the fifth largest ETF (QQQ) to give up 17 months of gains -15% in one minute:

“The U.S. doesn’t export a lot to China. The countries that are vulnerable are commodity producers like Australia and Canada.”

Aussie / Yen Carry Unwind
The prior two cycles ended badly, but this time will be different, because we know that the Yen is no more than 100% correlated to the S&P 500

"Keep buying bitchez, throwing away your life savings is the only thing keeping this shit show afloat"