Ponzi World (Over 3 Billion NOT Served)

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.

Tuesday, May 24, 2016

Buy The All Time Lie

Yesterday's S&P ETF (SPY) volume (58.1 million) was the second lowest in the past 18 months (full days of trading).

ZH: May 24, 2016
Smart Money Sells For 17th Straight Week

The lowest volume day of the past 18 months (57.4 milion) was one year ago on May 22nd, 2015, at the all time high in the S&P (circled). The S&P has gone nowhere since November 2014 (blue line/arrow):

Skynet is taking full advantage of zero volume to levitate the overnight futures. Regardless, time is running out on this charade...

Where have we seen this before...

Meanwhile, defensive (recession) stocks which had been leading the market, are now getting monkey hammered. Cereal company General Mills was just downgraded to an unheard of "Sell" this morning by Goldman Sachs. Last week Campbell Soup got shellacked...

It's stampede time...