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.

Wednesday, March 29, 2017

Waiting For The Mega Crash

When all of the liars learn the hard way that exploitation is not a "business"...

Just waiting for the last three Nasdaq Mega Caps to rollover:

The QQQ / Dow crash barometer

Nasdaq 100 with % of Nasdaq above 50 dma (dashed black line):

Short-covering

Mega cap tech new highs today:

Apple

Facebook

Amazon

Nasdaq Composite with VIX

Money (Out) Flow

Breadth

U.S. Oil ETF
Speculators are abandoning oil. Maybe they don't want OPEC to extend the glut-enhancing agreement another six months...

New record high in inventories this week...
"At 534.0 million barrels, U.S. crude oil inventories are at the upper limit of the average range for this time of year"

Well, as long as no one is lying, this will all be fine...