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.
Sunday, January 24, 2016
Occupy Dow Casino 2013
The Almighty Dow Jones Illusional Average just got punked back to 2013, confirming the sell signal emanating from Transports, which peaked one year ago...
"Dow Transports already closed below its Aug. 24 close of 7,595.08 back on Dec. 11 with a close of 7,524.64...When Dow Industrials closed at a new 52-week low on Wednesday, the "Dow Theory Sell Signal" was confirmed."
Transports: Beyond the all asinine... "No one told me this was all ending"
Index/Sector performance since the S&P peak last May: