This is all deja vu of 1929 except back then Herbert Hoover didn't have Twitter to continually remind his base how great everything's going while it all fell apart in real-time. Speaking of which, how convenient is it to have a base of perma-loyal chimps who can be bilked at will like an ATM machine? Democrats don't have anything that good. It turns out that record high GOP economic sentiment coincided with record low brokerage cash balances, the top in the stock market, and massive Wall Street selling. Go figure...
October 4th, 2018:
Sadly, (GOP) home gamers got conned again into buying "stocks" at the very top. And now into the abyss. Because how else could insiders and Wall Street get out? At the instant this shit show explodes spectacularly, the universal economic narrative will spontaneously arrive at "recession". As if any other outcome from this tax cut sugar high was just a well spun fairy tale that home game chumps would believe, so insiders could cash out of a "big, fat, ugly bubble" at the end of the cycle...
Today's bounce off of the year-to-date unchanged level was compliments of short-covering and well-trained chimps tightening the noose:
"The rift between Wall Street and Main Street is getting wider when it comes to stock investing. For the third week in a row, individual investors bought stocks while institutional and hedge funds were net sellers"
In September, cash as a percentage of assets among Charles Schwab Corp. clients fell to 10.3 percent, the lowest since at least 2004"
Hedge funds and institutional investors have been net sellers on a four-week basis since at least August"
Global markets are not quite as sanguine about the current buying opportunities...
In summary, Global Ponzi reflation is officially over
"Oil prices fall more than 4 percent as investors sell off stocks amid concerns about slowing global economic growth."
"Don't worry, valuations don't matter anymore"
There is one more bubble left to pop.
It will be the sound heard around the world:
