"How many women have bankrupted even one casino?
Two years ago the casino shit a brick after the election, this year the casino is shitting a brick before the election. We'll see if that makes a difference to the end result. I'm guessing it will.
But first, I can't keep up with these people: The Dow was already down because of China, so Spudlow, life long free-trader, just put the boots to them. You can't make this shit up anymore. Is this even real?
Getting back to this post...
Two years ago Trump was elected against all polling odds. When the results were in, the casino collapsed limit down. But the next day when gamblers realized that the carte blanche of Banana Republican tax cuts and deregulated corruption was on the table, they bought "stock" with both hands. Fast forward two years, a trade war and a tax cut, and it's all melting like a snowball in the sun...
The casino is picking up where it left off in November 2016 when it was limit down in disbelief. Why? Because the bigger, fatter, uglier bubble loves tax cuts but hates "reflation".
Unfortunately, they're the same thing. That's why it's called "fiscal stimulus". Fucking morons.
The S&P just re-tested the 200 dma and election trend-line, which are one and the same now:
Everything momentum is getting shellacked back to pre-election levels:
Nasdaq breadth is abysmal and far worse than it was two years ago at the time of the election:
The cap-weight crash ratio is pinned to record extreme risk. Meaning the mega caps are still way over-owned...
Highs-lows are in crash territory
The "safe havens" are rolling over
In summary, the term "low volatility" is another example of false advertising
"Overnight risk"
Mind the Gap 'n Crap
"This is the greatest 'Conomy of all time"
