Ponzi World (Over 3 Billion NOT Served)

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.

Friday, February 5, 2016

Third Wave Selling

Nasdaq is leading the way down
Nasdaq / S&P ratio

FULL THROTTLE
Rotation into defensive names requires selling Facebook...
KMB:S&P ration

Growth/Value ratio confirming the rotation:

Russell / Dow Ratio

US Oil ETF:

Once again, Exxon closed green while the rest of the Energy sector got slaughtered...

Exxon/Energy ratio:

New weekly low Russell 2000 small cap:

New weekly CLOSING low Nasdaq:

Long-term count (Nasdaq):

New weekly closing low Wilshire Total market index

All World Index
"We've seen this before, I just can't remember when..."