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.

Thursday, September 8, 2016

The Last Volatility Shock

Goldman Draghi disappointed markets today. I'm not sure what he said or why it matters...

With respect to Europe, I noticed that this current top is almost identical to Y2K (circled) and that the third drive to the neckline was it...

Stocks above 50 dma

Consumer Staples are rolling over hard...
w/RSI (blue) and global GDP:

Biotech

Stock and bond correlation is running high, but rolling over

Junk bonds and oil are re-correlating at last Fall levels after oil made three drives higher...

Whoa, Flashback...

Small caps continue to outperform due to short-covering...

Small cap value (black) with the S&P / R2K ratio (red):

Apple imploded today as iPhoney 27 failed to live up to expectations...it's a square phone that lets you call people and so forth...

Amazon is the last retailer standing...