Thursday, August 3, 2017

Trouble In Trumptopia

The Borg is taking a well-deserved vacation from reality, compliments of record low volume and volatility...

Prechter is right, I hate to admit it. This isn't actually about Trump. Nevertheless I enjoy railing against his buffoonish false bravado, because he is the ultimate manifestation of the global sociopathic behaviour that is leading us into the abyss. He is level '11' on the dumbfuck Richter scale, whereas all other leaders are calmly judging him from the comforts of level 10. The real problem in all of this is the mindless Borg, 100% confident in believing the exact opposite of the truth. 

Any questions?
Trump approval index via Rasmussen

Today, right before the close we learned that Special Prosecutor Mueller is establishing a grand jury. Also today we learned that Congress is moving to legally protect him from Trump. Not only did the casino yawn, but via ZH, realized casino volatility is the lowest in history. It essentially appears that the casino has shut down, and yet under the surface not everything is perfect in Trumptopia...

"What, me worry?"

Breadth is eroding

Which is why the crash indicator is red alert:

Northern Trust is waiting for the remaining banks to implode

Amazon is now selling cheesecakes

Cheesecake factory

And now they're selling recreational vehicles

ZH: The Perfect Crash Indicator Is Flashing Red

Remember last week I said when this stock rolls over, it's over. Down almost -3% this week:

And now they're getting into art work

-10% today:

Meanwhile, the company causing all of this carnage is now below the 50 day

As is Google

Leadership by Royal Caribbean

Meaning that Amazon will be getting into cruise ships next...