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.

Monday, May 15, 2017

Y2K DEJA VU: The Last Pump And Dump

It's all Internet stocks, semiconductors, and video game companies, but one notable former horseman of Y2K, was also out front today...

As I was saying, the internet stocks are leading:

Aside from the well-known mega-cap "FAANG" stocks, a few other notable internet stocks:

Square

Paypal

Semiconductors

I showed Nvidia earlier, go with Applied Materials

Video games
I showed Activision, so here is EA games:

"But, but, but, valuations are much more reasonable this time around..."

When Snapchat is leading the rally, don't expect it to last too much longer...

And don't forget the S&P prior peaked on the day of the IPO:

Doh!

After all, what good is a tech rally if you can't pump and dump more shit onto the public market?

IPO ETF