"The United States of America, right now, has the strongest, most durable economy in the world. (Applause.)"
"Anyone claiming that America’s economy is in decline is peddling fiction. (Applause.)"
U.S. re-distribution of wealth aka. to the top:
The Old Age Home has been monkey hammered by their own lies so they're now in hyperbolic bullshit mode. Aided and abetted by the corrupt dunces on Wall Street who are praying for higher prices so they can sell en masse. The consensus trade for Team Groupthink is a rally to 1950 (today's close 1895) which will be sold by everyone. And I'm sure no one will front-run the herd already...
Here's something to consider - the S&P (black) with Oil (red). Every time oil has made a new low in the past 9 months, the S&P has made a new low as well, with one exception in December. The lows are coming closer and closer together:
And every time oil makes a new low the number of Nasdaq stocks making new 52 week lows (red) spikes...and it's not all Energy stocks either, plenty of Biotech and "Cloud" stocks making new lows now...
Which puts this into perspective:
Nasdaq new lows 30 dma:
And puts this into perspective as well, since this latest rally (circled) doesn't even register, nor did January's two week short-covering duncefest that rolled over immediately...
Price / Volume:
Team Groupthink planning their escape:
"The world is far worse now than 2008, so we don't have much time...What you need to do is wait until the market gets to 1950 and then everyone sell at the same time. Don't sell any sooner though or you'll fuck it up for everyone. This can't end now or I'll lose my job. This will give us the chance to short the market that we didn't get because we were all leaning into year-end bonus and got caught off-guard"
"Has anyone figured this out yet? I need more time..."
In other news...