Wednesday, February 17, 2016

October 8th, 2008: Last Chance to Sell This Duncefest

Stoned gamblers think that 100 point rallies in 3 days are "bullish". The last time we saw this level of volatility was at the beginning of a 50% decline aka. Third Wave post-Lehman:

60 day realized volatility w/Wilshire (S&P is hidden):


2008:
Two rallies and then the Third wave down. Now look at the chart above where we are now. Any questions?



The recession trade confirms:



Nasdaq lows confirms



Inverse volatility confirms:



Global Dow confirms



Canada confirms



Breadth confirms:



$USD confirms



Price/volume confirms



Wilshire/S&P ratio confirms:



Junk bonds confirm:



Russell / Dow ratio confirms:



Energy stocks/oil ratio confirms:



First quarter earnings guidance by sector confirms



Wall Street confirms:




"Double down right here, bitchez. We have to get short before this all collapses. Just like last time we shorted you dumbfucks..."