The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.
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Thursday, April 28, 2016
Zuckerberg Shrugged
Facebook had a key reversal today on 3x daily volume - opening at its highs and closing at its lows of the day...In other words, stoned gamblers bought the top on 3x volume and took home a -4% loss. The last time this happened, (January), the stock was down -20% in a matter of days...
Amazon is spiking after hours in celebration of its 450 P/E ratio after 20 years as a public company...
Billunaire Carl Icahn just announced that he dumped all of his Apple shares, so despite Fadebook's best efforts, Apple and the Nasdaq are resuming Third Wave down:
