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.

Saturday, May 21, 2016

Somebody's Knockin': Team Groupthink Hunted To Extinction

Today's self-nominated best and brightest haven't figured out yet that this is all just a constantly rotating momentum con job. Anyone who crowds into a trade gets systematically wiped out...

Apple was the biggest hedge fund acquisition in Q4 (December). Now it's Facebook...

ZH: May 20, 2016

Top Stock Holdings of Largest Hedge Funds

First Apple, which imploded in Q1 and is now clinging to the 2012 level which has been tested five or six times...

Now Facebook is their largest group acquisition.

What could go wrong? It's only the world's largest rising wedge...

Speaking of momentum con job...
Oil rallied in January on short covering. In February due to the weak dollar (Shanghai accord), in March due to Chinese stockpiling. Now it's a pure low volume momentum trade...