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.

Friday, January 15, 2016

Flash Crash 2.0: Jumping The Maginot Line

Global meltdown as buying opportunity

2008 or 2011?

Unfortunately, as far as global GDP, carry trades, Treasury yields, corporate profits, sector bifurcation, junk bonds, commodities, currencies, and Emerging Market stocks, it's not 2011...

Careful what you wish for

Europe and Asia can sell the U.S. twice between now and Tuesday morning...

What a coincidence
Skynet traded massive volume just to hold the S&P (daily) Maginot Line on options expiration day. This is what's known as pinning the 1880 strike to ensure that the largest number of options expired worthless...

1,000 new lows on the NYSE TODAY
5 day moving average:

Wilshire total market index with Implied options volatility (S&P 100)