The monkeys didn't get the multitude of memos, so everyone will be on the same page after what comes next...In this phase the liars are force fed their own lies - waterboarded to capitulation by their own corrupt bullshit...
Joe Kernen won't be blowing smoke up anyone's ass at the end of this phase...
Joe Kernen won't be blowing smoke up anyone's ass at the end of this phase...
Inverse VIX:
ZH: Mar. 9, 2016
A Major Divergence Has Emerged Between The Complacent VIX And The Global Financial Stress Index
"GFSI measures risk via 41 sub-components across a range of asset classes and geographies. It inflected in earlier in 2015 actually preceding the shift in U.S. equity implied volatility..."
"A major gap has opened up between global financial stress and VIX which is unusual as they have historically tracked each other extremely closesly..."
The bullshit market turned 7 years old today. Unfortunately, it's no longer a bull market, it's a full fledged bear market circa late 2008. However, bulltards didn't get the various memos...
Many memos have been sent to date...Commodities monkey hammered, Fracking obliterated, IPOs punked back to 2006, Biotech annihilated, Emerging Markets shellacked, Transports and Industrials decimated, small caps down -27%...After all that fun, the major indices got pounded in August, so gamblers fled to Big Cap Tech (FANG stocks). Then those got pounded in January, so they rolled into defensive stocks, which are now 3x overvalued. Bull markets are not led by cereal companies.
This is the phase when the bullshit ends. When the liars are forced to eat their lies. The pain will continue until they stop lying, and then quite a while longer...
The latest stage...
Brewers:
Brewers:
Materials:
Despite rallying 17% from their LOWS, Transports are still down -22% from the HIGHS. Not a bull market...
The P/E ratio of consumer staples...
