One year of Central Bank coordinated casino dopium later:
The S&P is the only risk "asset" that's positive year over year. Up. 1.75%:
There are many ways to self-destruct at the societal and individual level: junk food, junk culture, Facebook, iPhones, Faux News, AC360, binge drinking, binge sex, S&P casino gambling. This society is free-basing all of them at the same time...
Today and yesterday were the lowest two day back to back volume days (SPY ETF) since the prior all time high in May 2015. Today was also the narrowest S&P range day since the top in May 2015...
Look up. Look down. Don't assume this year will be like last year. EVERYTHING has a head start on the S&P this time...
"Getting in on zero volume was easy"
Got Lockheed Martin?
Here we see Biotech from last July compared to this July. Again, we need not assume any additional fooling around this time...
