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.

Monday, September 21, 2015

Wall Street's Biggest Pump And Dump aka. "The S&P 500"

Momentum peaked exactly one year ago the day before the Alibaba IPO...

"In U.S. financial slang, a bagholder is a shareholder left holding shares of worthless stocks"

Institutions sell into tops because that's when the bagholders show up to buy their stock...

Price / Volume (30 day moving average)

One year ago, Wall Street's biggest pump and dump, Alibabylon, tanked the market -10%. Subsequently, as we see below, S&P momentum has tracked Baba almost 1:1. Today (one year later) is the first trading day post the largest insider share lockup expiration in market history i.e. $105 billion (4x the size of the IPO itself)...

Alibaba (black) with S&P momentum (red line from above):

Alibaba fatally gored the bull market