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.

Monday, October 17, 2016

Skynet's Last Stand

S&P 2120 is the all important Brexit breakout level, however, today's closing level is critical on the daily line chart...

S&P with institutional selling (red line):

These weak closes - at the lows of the day - make Skynet very unhappy as reflected in money (out)flow:

The island reversal of fortune dripped lower towards 2120 today without any gap 'n crap drama. So far...

U.S. market new highs - lows is at the lowest level since February...

Yield keeps getting weaker and weaker

The Risk Off posture is confirmed by Biotech. It's all up to Netflix now, which had a blowout quarter after the close...

SaudiPlosion resumed today...

Retail implosion resumed today as well, this time taking down the mighty Amazon (shown last post)...

ZH: Oct. 17, 2016
There's No More Cash On The Sidelines