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.

Thursday, August 20, 2015

The Lehman Moment Approaches: The House Always Wins

Momentum stocks are getting crushed. Another generation of Etraders has been fully monetized.

Skynet has no one left to milk.

We've seen this movie before, we know how it ends:
Nasdaq % of stocks above 200 day moving average:

General Dynamics:
Down -2.5% today

Growth/Value Ratio:

Energy stocks and Emerging Markets are leading the way down

Momentum/Beta stocks are getting crushed...

Semiconductors getting monkey hammered:

IPOs waxed back to early 2014:

Chinese stocks have given up their entire 2015 rally, and then some...

Canadian stocks have lost key support:

UK FTSE has lost support as well...

Emerging Markets ex. Brazil, Russia, India, China:

World's largest IPO (Alibaba)...

2nd largest failed IPO (Twitter):

Netflix - 8%:

The Biotech rally is over...

Revenueless Biotech
The top performing IPO for 5 minutes:

We haven't seen this since Lehman:
Schwab:

Ameritrade ditto:
The irony that retail brokerages peak last, can't be overlooked...

The "Imagined Reality" is over...
Rydex bullish:bearish asset allocation:

Goldman Sachs always knows something. Don't they?

Treasury Bonds (30 year)

Occupy self-obliteration