Thursday, April 28, 2016

Nothing Matters Until It Collapses Entirely

No half measures will suffice...

"and so our wisdom, too, is a cheerful and a homely, not a noble and kingly wisdom; and this, observing the numerous misfortunes that attend all conditions, forbids us to grow insolent upon our present enjoyments, or to admire any man's happiness that may yet, in course of time, suffer change. For the uncertain future has yet to come, with every possible variety of fortune;" - Plutarch's Lives

Today the bullshit market becomes the longest in history...second longest if you count real bull markets...

Average stock with Treasury yields aka. "Economy":

Small cap value with Consumer Staples:

Earnings Yield (E/P):

Russell 2000 Small Cap (Growth and value):

RSI (Measures relative strength of recent momentum versus prior):

Price / Volume

Total Volume (Distribution):

Home builders

Junk bonds