Wednesday, May 17, 2017

Y2K DEJA VU aka. The Hotel Californication





For those of us who remember, it was John Chambers, CEO of Cisco, back in 2000 who announced that the recession had begun, because Cisco reports latest in the quarter...



The company said that revenue for the current quarter would decrease 4% to 6% year-over-year

Rates confirm:




Deflation confirms




Reflation trade off confirms




Dollar implosion confirms



Ameritrade

Or not...





NYSE Breadth




Wall Street's most crowded trade










Any questions?





Selling volatility just became a very bad idea...







I call this chart "unrealized gains from Ponzi"

aka. The Hotel Californication