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, January 26, 2017

Obliteration Time @ Dow $20 Trillion

I was reflecting on 2008 and how few people saw it coming, albeit parts of Wall Street made bank on the collapse. And I thought about now, and how few people see it coming this time including Wall Street. On the surface, this rally is "stronger" because the major indices keep making new highs. However, under the surface, the exact same carnage is occurring as it did in 2008. Central Banks have made risk management impossible for active money managers - this time, shorting is not an option...

% of S&P above 200 day moving average:

Here are some bellwether stocks across all major sectors:

Qualcomm: Semiconductors

Brinker Restaurants

(Chili's, Maggianno's etc...)

Avis rental car

Target: Retail

Bristol Myers: Pharma

Biogen: Biotech

Invesco: Financial Asset Management

Macy's: Retail

Whirlpool: Home appliances

Late cycle stocks in blow-off mode i.e. the stocks holding up the major indices...

Norfolk Southern: Railways

BancFirst

Micron: Semiconductors

Westmoreland Coal