Sunday, November 13, 2016

Attention Reality: The Idiocracy Is Hiding In The Dow

In two stocks to be specific...

Oil at multi-month lows on OPEC Record Output and U.S. Rig Count

Chinese Yuan at seven year low

Emerging Market stocks lose $450 Billion in one week

EM currencies and credit plummeting

U.S. Treasuries, biggest one week loss on record

Global bonds lose $1.2 trillion

High dividend stocks at eight month lows

Gold at nine month lows

Big Cap Tech collapsing versus Dow:
All of which can only mean one thing to a stoned Idiocracy - "Buy The Fucking Dow"

And pray that JP Morgan never gets sold...

And Merck. The only two Dow stocks making new highs...