Sunday, April 24, 2016

Atlas Shrugged. Indeed.

"Printing money to buy stocks was their secret to effortless wealth. Their only question was why no one had tried it sooner..."

"One minute I held the key
Next the walls were closed on me
And I discovered that my castles stand
Upon pillars of salt and pillars of sand"

S&P 500 (SPY ETF) versus Rest of the World

You have to ask?
Friday, April 22nd

It was a Greater Tool's Market.
Fear of missing out on collapse, was driving the market...

Consumer staples with average U.S. stock (red). The inevitable convergence...

"You have to dance on the head of a pin, while the music's playing, otherwise you look like an idiot..."