Tuesday, October 4, 2016

Competitive Debasement 2016

Globalization is all about the competitive debasement. Personally, I think I'll pass...

First the good news...

Today's global market "bid" if that's what you want to call it, was once again compliments of the UK FTSE and the British Pound at a new 30 year low...

Competitive debasement visualized - stocks back in 2000, purchasing power cut almost in half since 2007:



Also "good news", Oil led the rally in the U.S. by carving out the exact same pattern as 2015, which topped on October 9th...



Deutsche Bank is working off last week's massive selloff...







Breadth:



Yield is lagging. Badly...








5 stocks out of 100 keeping Tech up now:
Nasdaq 100 new highs...