Thursday, November 3, 2016

The Idiocracy Is Bungee Jumping With A Noose

It turns out that Brexit was not a good reason to buy stocks...

Who knew?

ZH: Nov. 3, 2016
The Longest Losing Streak Since Lehman

aka. "It's probably nothing"

The Nasdaq has now entered the vertical zone...

Big Pharma monkey hammered as the DOJ investigates price fixing...

3x leveraged oil

Consumer staples

Growth / value aka. "RISK OFF"

Relative Strength is firmly in the Mega Crash zone:

VIX / Liquidity aka. No way out...

"What, me worry?"

Selling intensity (TRIN):

As long as restaurants hired a lot of workers ahead of the election, this will all be fine...

"The LMCI is derived from a dynamic factor model that extracts the primary common variation from 19 labor market indicators."