The Elevator Ride Down

Human history's biggest circle jerk is ending. The banquet of consequences, due from ten years of non-stop lying, awaits the Idiocracy when their bubble unexpectedly implodes. Suffice to say, it's been an excellent delusion, since they have not even the slightest clue that it's ending. Whereas 2008 was measured in terms of bank dominoes falling, this time around is measured in terms of country dominoes falling.

Which means in Idiocratic terms, that it's a buying opportunity. Because really, what else could it be?

Given the amount of rot that has occurred beneath the surface of this Potemkin Disneyland, sadly, it will terminate in binary revelation. This has been the largest short-covering rally since the end of the last cycle. Only quite a bit longer...

Here is a close-up view of the past 12 months in short-covering in the most beaten down sector:

Putting aside global meltdown, the narrative of this week is one of a stronger consumer driving retail sales. Featuring the top retailers reporting, hence the peak week for short-covering. As we see above...

Leave aside the fact that the retail apocalypse of store closures that began in 2017, accelerated this year. As reported in April of this year:

Looking at the vertical rise in retail, one could be tempted to believe the Wall Street narrative. However, there is a chance that once again, it's merely another con job to ignore risk while getting sold the riskiest stocks. 

At the end of the cycle:

Fortunately, we all know that there is only one true safe haven from trade wars, currency crisis, and end-of-cycle retail implosions. 

The stock with the binary unhappy ending

What I call "Vertical mode"

"Only Donny has the magic power to fix a big, fat, ugly bubble by making it bigger, fatter, and uglier"

"Let's just say no one bankrupts casinos better than me"