Ten Years Later: The Big Long

Ten years later, what's different? No one sees it coming, that's what's different. Why? Because this time there are no illegal aliens buying $750k McMansions that can be shorted in the subprime CDO market, AND because this time the tax cut "stimulus" is coming at the end of the cycle instead of the beginning...

Four Hindenburg Omens in a row on the Nasdaq. So far...

Any questions?

What is a cycle high retest failure?

A three wave correction off of the all time high. Like this:

S&P 500 :15 minute (current)

Most gamblers dismiss Hindenburg Omens as chart voodoo. They'd rather guess where earnings will be a year from now, using their Magic 8 ball. Far more scientific. When the cycle is continuing, they look smart. When the cycle is over, they blow up again.  

All Hindenburg Omens indicate is that there is an usual cluster of new highs and new lows at the same time. Which places the "breakout" to all time new highs, in question. How hard can that be to understand?

All of which can be explained by the fact that small cap growth is now lagging. Badly.

Which means that aside from parabolic pot stocks and junk internet companies, the speculative cycle is over:

What I'm trying to say is that the highs are wearing off...

And the only thing supporting the casino are junk stocks and Apple and Amazon...

Because everyone knows that Go Daddy is a safe haven from trade wars and EM implosion

"We predict a great year for (our) earnings. We bet your capital on it. Just like last time"