Entitlement 101: "IGNORE ALL RISK. YOU DESERVE IT"

The theme of the week, month, year, and post-2008 is ignore all risk...

Central Banks, the lamestream media, and Wall Street psychopaths have led the sheeple to the edge of the cliff. Large scale deep out of the money option bets on a market crash hit a record high this week post-Brexit:

Skew 15 day moving average

Sheeple didn't get the memo, since they were loading up on "safe haven" dividend stocks and junk bonds...

Rydex cash balances

Consumer staples and small caps

"Because it's only a matter of time before China has to devalue their currency"

"Oh Ok, I'll keep a close eye out for that"

S&P downside gaps:
Three of the four biggest gaps came in the past year: