The Days Of Atonement

Fake Christians are praying for Democrats to stop impeachment and ignore the rule of law in order to support their Banana Republican dictator. Over the past several decades, we have witnessed a continuous descent into fraud and criminality by these credit card collecting evangelical hypocrites. If they were smart, they would start praying for their lost souls which they've placed in the hands of their Anti-Christ. A man who embodies ALL of THEIR fraudulent values: Greed, guns, gluttony, war, hatred, bigotry, incessant lying, arrogance, ignorance, corruption, fraud, narcissism, desecration of the environment, exploitation of poverty, material excess, adultery, non-stop spectacle. The only reason they trust Trump is because they assume he would only cheat on his wives, his taxes, his creditors, students at his fake university, but never on them. That will be their last fatal assumption.

Anyone looking for proof of God's existence is about to get it, when she flushes this toxic waste dump down the toilet of history. 

The biblical lesson of the week is this one from the High Holiday texts:
"The ancient Rabbis contrasted God's sovereignty with the rule of Rome. Rome seeks its own glory, wars against other peoples to subjugate them, revels in material existence, lives off the work of slave labor, allows many to die of poverty and starvation, and promotes entertaining circuses and gladiator spectacle. The Rabbis, picturing redemption, remark that the messianic age will be recognized when an end is brought to the rule of wickedness."


Speaking of the temple of greed, Wall Street can't get out behind their incessant lying fast enough to save their clients...

Scanning past the UFO stories and the other toxic sludge on Zerohedge, it's clear that the majority never saw this coming. So far it's been an orderly collapse as hedges get monetized. The acceleration phase will be somewhat less orderly.

Overnight both the Dow and S&P 500 gapped through the 50 day and headed straight for the 200 dma, and then bounced into the close. A hard break of the 200 day and it's game over. As we see from the lower pane, no sign of fear:

The real carnage is in Tech and momentum stocks now in the process of major margin calls:

Still no one to warn them that this is all about to come unglued

Herein we see the other problem - the low volatility bubble hasn't tagged the 200 day in all of 2019. Yet.

It's a long way to support when the 50 day breaks

Now we know what purpose the MAGA con job served. It was a chance for the insiders to get out before the end of the cycle.

"Last year, the Trump administration abandoned a regulation designed to protect U.S. savers from conflicted investment advice"

"Stay the course"

"In the broadening top, five reversals are followed by stained underwear. It is a common saying that smart money is out of market in such formation and market is out of control. Most of the selling is completed in the early stage by big players and the participation is from useful idiots in the later stage."