Monday, March 7, 2016

No Bid Market aka. Seven Year Sucker's Rally


The last sucker has been found. The last sector is called "cash":




The self-delusional bullshit is flowing like a river...bulls are blowing smoke up each others' asses non-stop, locked in human history's biggest circle jerk:







Every sector has been pumped and dumped in this cycle, EXCEPT consumer staples stocks. And stoned zombies need not worry about "missing out" - they take part in every collapse...

When the massively overowned and overvalued defensive stocks roll over, the last rotation will be to "cash". At which point, look out below, because we need not assume that bankrupt energy companies and speculative junk stocks will be holding up the market, although apparently stoned zombies assume they will...

"Fear Of Missing Out" on collapse, visualized:



The most overvalued sector is last to roll over, again:

Consumer staples Price/Earnings Ratio:



The soldiers have left the battle...
Russell small cap w/Consumer staples









The Nasdaq 100 / S&P ratio is rolling over hard...