Tuesday, March 29, 2016

Dopium Whores "Put On A Happy Face"

We have a Constitutional right to be happy. Realism is for losers, ignorant self-implosion is for the real winners in life...The worse things get the more our "leaders" need to blow smoke up everyone's ass, it's their responsibility. I learned this on Bloomberg today: Janet Yellen needs to "talk up" the 'Conomy, so the sheeple don't panic necessarily...

Fed Dopium and Bullshit Drove 93% of Stock Market Gains Since 2008
Each bull market "era" has a different driver: economic growth, debt, tech bubble. This was the official "Money printing" era i.e. the secret to effortless wealth. It's amazing no one tried it sooner...

Risks have never been higher so it makes sense that complacency is rampant. It shows that the psychopaths in leadership have been successful in conning the dopium addicts...

The Lack of Fear Gauge aka. VIX:

U.S. GDP expectations are tanking
Global growth is slowing
Global stocks are at a critical juncture
Commodities just had their biggest short covering dead cat rally in a year
Central Banks are out of ammo
Return on Equity lowest ever
Recession trade is on in full force
Capital markets are shutting down
WSJ: March 25th, 2016
"The after-tax adjusted profit reading, which more closely reflects profits on production during the quarter, fell 15% in the fourth quarter from a year earlier. That was the steepest year-over-year drop in a quarter since 2008, when the U.S. was mired in a recession. "

Mass complacency reigns which means our "leaders" are doing their job effectively...

The Fed's CasinoNomic policy is now 100% correlated to the S&P 500. At their meeting two weeks ago with markets in rebound mode they were cautious on the economy, now today, Fed Head Yellen is expected to talk up the 'Conomy at 12 noon. 

Treasuries are not buying into the fantasy...

CNBC: March 29, 2016
Another "Top Trade" Unwinds

The Japanese Nikkei was the top performing major stock market between 2013 and 2015. The currency hedged Japan ETF is now seeing massive outflows, down -30% at the lows...