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
Reflation trade off confirms
Dollar implosion confirms
Wall Street's most crowded trade
Selling volatility just became a very bad idea...
I call this chart "unrealized gains from Ponzi"
aka. The Hotel Californication