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.

Monday, June 27, 2016

Post-Lehman Liquidation Phase aka. "Buying Opportunity"

"Sell" and "Cash" are four letter words to Club Entitlement, which means the noose will be tight before they go bungee jumping off a bridge. Nevertheless, the Post-Lehman liquidation phase has begun. Volume will pick up substantially...

I expect the opening dip to get bought and then fade over the course of the day like Friday. Bear market action...

Friday was "buying the dip". Today will begin the selling of the massively overowned defensive stocks. To date, the Nasdaq has underperformed the Dow, deja vu of Y2K, however, since late Friday, the Dow futures have underperformed the S&P and Nasdaq and took out their Friday low overnight...

The Elliott waves didn't lie:

"That's not selling. This is selling"

Via NorthmanTrader:

Dip Buyers from Friday:

Entrance fee: $Everything...