Friday, February 9, 2018

"Shove Your Head Up Your Ass, At Your Own Risk"

I, Clownius is the ideal President for this dying moment in history. He exemplifies the character attributes that define this entire pathetic era: a vacuous carnival barker and sociopathic liar. He alone could make America Great Again. Lead circus clown in a society run by industry-owned salesmen and frat boy con artists. Granted, they're not too bright, but bright enough to con the serial-conned Idiocracy. They took the escalator ride up, but they're taking the elevator ride down. They have nothing left to sell...

Last week before last brought this con job:

This past week brought this:

I'm seeing something of a trend here...

Short Volatility
"Low volatility": Utilities/ Consumer Staples
Momentum Tech
Carry Trades
Junk Bonds
Emerging Markets
China Tech
Marijuana stocks
Rest of World

Large Cap Internet (Amazon et al.)

Any questions?

Amazon got pole axed today, down -6.66% at the lows. But, was stick saved by the 50 day. The retracement rally was stopped at yesterday's close:

That's the good news, here is the bad news...

And no, they don't see it coming...

New all time record high this week in CFTC crude futures speculative oil contracts:

And really, why wouldn't there be? After all, this IS a Terminal Idiocracy...

Remember these words, because we're going to be hearing them a lot:

Bethesda, MD (February 6, 2018) – ProShares, a premier provider of ETFs, announced today the performance on Monday of the ProShares Short VIX Short-Term Futures ETF (SVXY) was consistent with its objective and reflected the changes in the level of its underlying index. We expect the fund to be open for trading today and we intend to continue to manage the fund as usual.

"You took a 90% haircut in one day, which was consistent with our objective of taking your money for the eight years prior to that"

"The performance of the minimum volatility implosion fund was consistent with the bullshit you needed to believe when you bought it"

Low volatility is dead. It died a sudden and unexpected overnight death. 

There's a new sheriff in town, and its name is high volatility - overnight delivery, guaranteed.