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


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