Friday, April 29, 2016

The Cost of Denialism: $Everything. No Refunds

Denialism is a contagious mental illness that afflicts the old and mentally weak. People who always want to be the last to know... 

EM collapse, China collapse, oil collapse, global stocks, carry trades, commodities, profits, IPOs, all sectors. 

0% recovery. Still they don't see it coming:

Because this isn't about one thing. This is about everything...

World Ex-U.S. versus S&P (ETF):


U.S. Banks

Nasdaq 100 Stocks above 200 dma

Oil and oil inventories (U.S.):
New record high inventories this week...

"Game over, man"
Profits and interest rates