Thursday, September 24, 2015

Third World Liquidity..."Is '1' Better Than Banana Republic"

The usual denialists are buying the dip with both hands, making shit up as they go...








Since the Yuan devaluation there have been 11 overnight sell-offs in one month...
S&P with down gaps (black are filled, green are open):



NO LIQUIDITY
Average S&P Stock (red) with interest rates (black):





Bulls are not worried (Intra-day TRIN):
TRIN ("Trading Index"): Indicator of selling urgency...