Monday, October 24, 2016

It's CasinoNomics By Harvard

You wouldn't understand it...

Central Banks provide the free leverage. Gamblers supply the momentum. Shorts keep the fantasy elevated until it collapses with extreme dislocation...

China
Oil
Liquidity 
Breadth
Yield
FANG/Facebook

RSI/Momentum

Three ever-weaker rallies, then the collapse...









Liquidity




It's not your money, so why would you?



3x leveraged oil aka. island reversal of fortune:



Kimberly Clark joining the yield implosion...




FANG/Facebook

What could go wrong?



Amazon: five down three up...



Overnight risk:

Strong dollar is hammering the Yuan. But, "it's probably nothing"

Rate of change:



You know you're an optimist when...



Bonus chart: Faux News

"The last to knowTM"




"I was filling in my coloring book and the next thing you know it all collapsed"