Wednesday, November 9, 2016

Brexit 2.0: Repudiation of Globalization

What just took place was a massive repudiation of the Obama liecovery, the NeoCon agenda, and of course Globalization. All of which is game over...

How could this happen? Just like Brexit, the lamestream media morons only polled the cities. They didn't call people in the rural areas...

"It was a conspiracy of dunces"
Real Unclear Politics:



Also deja vu of Brexit, the first dip got bought with both hands - in Europe. However, it remains to be seen how long that dip will last, given that U.S. gamblers were ALL IN coming into this election. In addition, today is weekly VIX Options expiration, so given the record number of bets made on the VIX collaring this election we can assume the algos will push today's open as close to yesterday's close as possible. By 3:59 today, all bets are off...

Volatility compression in progress:




Cash balances (black) with Internet Fund:



Base case scenario, wave 3 down is in progress:




The Idiocracy never misses an opportunity to make the same mistake twice. Preferably three or four times. Whatever it takes to self-implode...



Ok, maybe before 3:59 today...