Tuesday, January 26, 2016

RISK OFF: Round 2

Monkey hammered gamblers have been piling back into Big Cap Tech just in time for the next leg down...

"Sell the last stocks that are holding up the entire market...and then see what happens..."


"there's "ample evidence" of investors crowding into momentum and growth names, particularly among FANG stocks (Facebook, Apple, Netflix, Google), pharma, biotech, health-care equipment, software and services, among others."

First, on CNBS:
The Idiocratic question of the day: 
"Is printing money the secret to effortless wealth?"



Stocks are now entering the "best 24 hours of the year" pre-FOMC, according to dopium whores.

While they're throwing their money away on over-priced junk, we see that Skynet is ever-more reliant upon big cap Tech to keep this shit show going. Those will be the next (last) stocks to break...

What's wrong with this picture?
The last times the market was at this level, the ratio was much higher...
Equal weight/cap weighted S&P:



The Russell 1000 ratio is even more out of whack...
Russell 1000 Equal weight / cap weighted
i.e. large caps / mega-caps




The Nasdaq 100 / Russell small cap ratio keeps climbing, far beyond the August level...



The Nasdaq 100 just filled the gap from two Fridays ago...



Apple reports Tuesday night...so the stock is up up 9% in 3 days, on short covering ahead of the iPhoney report...



MonopolySoft




Amazon



Google wants to monkey hammer the S&P again...




The Internet Fund
It's a long way down...