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, April 19, 2017
Round 5 Ground And Pound
This weekend is the third referendum on Globalization in the past 12 months. Pro-Nationalist candidate, Marine LePen, is strongly favoured to advance to the final round of voting...
Here is how that looks relative to large U.S. banks:
Today was another gap up followed by all day selloff closing near the lows of the day - classic bear market action.
This is called "perfect timing"
Money flow is a measure of price x volume x daily range:
What is taking place right now is known as short covering ahead of collapse
Russell 2000 small cap:
Breadth
McClellan Oscillator
U.S. Oil ETF
Energy stocks with Oil
We've seen this movie before...
The NYSE % of stocks above 200 dma with Oil
The Goldman Dow:
The Nasdaq
Where to invade next in a recession: