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.
Tuesday, February 2, 2016
THIRD WAVE GLOBAL RISK OFF @100% CORRELATION
Over 100 simultaneous highs and lows with McClellan Oscillator > 0
Wilshire Total Market Index
The Zuckerberg Omen
Key reversals in Facebook and Google today - opened at highs and closed at the lows...
The Zuckerberg Omen occurs when only two stocks are holding up the entire Nasdaq and one of them is Facebook...
Nasdaq 100 with % of stocks above 200 dma
Ready for the Google ground and pound. Again.
We've seen this movie before, momentum is rolling over...
The selling begins
TRIN: Selling intensity, highest since late December...