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.
Friday, November 6, 2015
Ultra Bearish
S&P with internals
Global Dow
Equal Weight S&P / Market Cap Weighted
Nasdaq 100 with internals
Blue arrow marks internal level at prior peak:
NYSE Comp with internals:
Transports
Russell 2000 / Dow Ratio
Canadian Stocks
Emerging Markets
Volatility (VXO):
Nasdaq New Highs
Value Line Geometric Index