What we are witnessing is natural selection on a biblical scale. Super Clown was sent to finish the job Bush Clown started. To say that history won't be kind is a ludicrous understatement. Trump is Terminal Idiocracy...
Among his other admired forms of corruption - including but not limited to serial adultery, tax evasion, draft dodging, sociopathic lying, race baiting, and election-rigging, the Manchurian Candidate is human history's most blatant market manipulator. Banana RepubliCons are 100% behind him, likewise steeped in corruption. Sadly, non-stop bullshit can get them into Trump Casino, but it can't get them out...
Among his other admired forms of corruption - including but not limited to serial adultery, tax evasion, draft dodging, sociopathic lying, race baiting, and election-rigging, the Manchurian Candidate is human history's most blatant market manipulator. Banana RepubliCons are 100% behind him, likewise steeped in corruption. Sadly, non-stop bullshit can get them into Trump Casino, but it can't get them out...
The inconvenient truth is no longer an option.
Two months to go until bonus time, so it's critical to keep the masses in Trump Casino as long as possible. Remember this headline from a year ago? Sadly it's no longer true:
One year later, we have this similar prediction for the end of the year. The word "guaranteed" should never be used in a casino:
I have steadfastly maintained that the stock market exists solely for the purpose of allowing insiders to cash out at public expense. We saw this play out in 2000, 2008, and it's playing out right now, amid peak stock buybacks and peak insider selling.
In other words, even as used car salesmen are now guaranteeing roulette wheel returns for the next two months, insiders are bailing at a decade high rate:
Here is where it gets interesting...
Way back in Y2K, Wall Street kept dumping crap into the market until the Nasdaq exploded.
We saw a similar scenario this past month when the failed Peloton IPO marked the peak for pump and dump schemes. Here we see the IPO failed (Sept. 26th), taking down the ENTIRE IPO market in early October.
Now three wave corrective.
Beyond Meat was the best performing IPO of 2019. The lockup expiration was this week (October, 29th). Tilray was last year's star pump and dump:
Lyft was down today in sympathy with Uber. As we see, lockup expiration does not necessarily mark the bottom:
In direct correlation to the IPO market, Momentum Tech has now completed a symmetrical right shoulder:
The algos are FINALLY starting to figure out that Trump is human history's most blatant market manipulator.
Industrial trade war affected stocks have seen a massive short-covering rally compliments of Trump's non-stop market manipulations.
Thus completing the right shoulder:
Tomorrow's jobs report could be interesting, as the dollar is now at the precipice. Weak economic data and risk asset outflows are pressuring the massively crowded "TINA" trade:
Three years of incessant, non-stop bullshit later, and the MAGA con job is running out of carbon fuel:
What happens when all risk assets implode at the exact same time amid non-existent liquidity?
We are about to find out.
Rule #1: Never go FULL Dumbfuck
