In a year notable for record low volume and volatility, it should come as no surprise during the last days of the year that Skynet is pinning the casino to all time highs, amid zero volume and volatility. After all, 'tis the season for bonus payout...
"We've reached a permanently record overbought plateau"
ZH: Republicans Are Partying Like It's 1929
"Republican households are particularly optimistic about their financial situation following passage of the tax cut package.
However, there is dramatic polarization. The spread between Democrat confidence (low) and Republican confidence (highest reading since May 2007) is at its most extreme in 10 years)"
As we know the stock market peaked in the second half of 2007. Because unfortunately both sides of a polarized view can't be right amid record speculative positioning.
"In Donny We Trust"
The ratio of small caps to large caps is at extremes associated with end of cycle crash:
Market bears are extinct
Contrary to the assertions of myriad con men, BitCasino is the epic bubble of our time. Its unwinding in broad daylight is ample evidence that social mood went ALL IN.
Evaporating $500 billion in speculative risk capital could spill over into other markets, don't ask me how...
The very last bubble is the belief that "global stocks" are at record highs, and this is a "global synchronized" recovery...
It's not even a U.S. recovery, much less a global recovery...
ZH: 2017 Was The Smoothest Ride On Record
"As measured by the VIX, stocks have never enjoyed a less volatile year than 2017"
"Eventually, storm clouds will gather and the stock market seas will get choppy again. But for now, it is smooth sailing for investors."
For now, just BTFD:
