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.

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."