Central Banks have conned zombies into taking maximum risk at the end of the cycle...
Maximum Risk Visualized
Nasdaq 100 broadening top:
"It is a common saying that smart money is out of market in such formation and market is out of control. In its formation, most of the selling is completed in the early stage by big players and the participation is from general public in the later stage."
Consumer staples with Global GDP. Late cycle 2008:
Nasdaq / Utilities ratio
Money (Out) Flow