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.

Wednesday, March 30, 2016

Welcome To The Hotel Californication

Central Banks can con stoned gamblers into RISK, but they can't get them out. A key reversal in the Nasdaq will end this shit show post haste...nothing ends fake rallies faster than trapped gamblers stampeding out the same door at the same time...

The Nasdaq is lagging badly because stoned gamblers didn't the memo that the rally in "RISK" is over. Apparently Biotech imploding and the IPO market having its worst year in two decades didn't convey the "info", since the Acid Queen gave the green light to go ALL IN...

The Nasdaq is right at the 200dma, but only 36% of stocks are above the 200 dma:

Nasdaq % of stocks above 200 dma:

Growth / value ratio

Zuckerberg Shrugged
Leading Nasdaq stock: Fadebook as usual...as long as this parabolic uptrend line holds, everything will be fine...

Amazon indicator

The Nasdaq 100 is above its 200 dma, but only half the stocks are above theirs...

Large cap tech: I'm sure this is a minor coincidence...

Apple at the 200 dma, where it rolled over the last time...

Nasdaq relative to 200 dma:

Island reversal? Wave 2 (red) was an island reversal at the end of last quarter. Tomorrow is the end of this quarter...

Nasdaq count

Volume is abysmal

Wilshire 5000