Today's dunces actually believe that the bull market is still going, when it's the bear market that is approaching its last stages. Key reversals in the Nasdaq and XLP (consumer staples), will be followed by the Elliot Straight Down Wave...
The collapse I've been predicting non-stop has been taking place non-stop, one country, asset class, sector and stock at a time. I said the crash would occur from all time index highs, so this shouldn't disappoint, but given my blog stats, I expect it will disappoint almost everyone. Apologies to the attention deficit collapse Idiocracy, without which a panic crash couldn't occur.
ZH: March 30, 2016
The Acid Queen Herds The Sheeple Into Risk
"Look, it's free money forever!!!"
As the bear market progresses, the more economically sensitive sectors underperform the less economically sensitive sectors, until they all go down together. The volatility regime confirms this is a late stage bear market that started two years ago:
(VIX is S&P 500, VXO is S&P 100 which has more cyclical stocks):
Collapse in broad daylight visualized
The average stock with Fed Funds rate: