The Lehman Bounce

What we are witnessing in real-time is the end-of-the-cycle, bought with both hands by serial conned fools, led by all-knowing lying buffoons. After all, who wouldn't monetize a senile old age home for fun and profit? Darwinian psychopaths, that's who.

And no, the con men don't see it coming. They've dined on their "rational self-interest" exploitation scheme for so long they have no idea that they and their morally void system is what's on the menu.

Last week's implosion left the casino oversold. So far, this week is correcting that condition. Recession stocks are leading, the global macro outlook is the worst since 2008, and the Smoot-Hawley trade war is worsening. The denialists did it, they lied us all the way to recession. That hasn't happened since 1929. Full credit to the inconvenient post-truth team.

This has been the biggest two day rally since February VolPlosion 1.0. Back then, the rally ended on Wednesday and plumbed new lows on Friday. 

The major difference is that this rally is three wave corrective around the 200 day moving average:

'BTFD' is the order of the day. Because there will never be another chance to buy the fucking depression like this one:

This rally is deja vu of the TARP (bailout) "the world is saved" short-covering bounce that took place in October 2008. For a couple days the market spiked higher then rolled over and final imploded:

Skynet is working double over-time to save the 200 day, with back-to-back highest breadth of the year to propel wave 'a', and 'c':

Large cap internet backtested the 200 day:

As did Transports:

Nasdaq Breadth is far below February levels:

Same for S&P:

Recession stocks are leading

"The best performers were the kind[s] of names you buy if you believe we are indeed headed into a downturn."