The NeoCon Empire Is Fading

Trump's opponents spent $76 million and registered 64,000 attack ads and still couldn't beat him...

Now that Trump is the presumptive Republican nominee, the question on the table is how many pseudo-Republicans will now defect to Shillary Clinton. In other words Hillary represents the empire more than Trump does, so it's time to opportunistically ditch the GOP. So far, she's already been endorsed by the Koch Brothers who raised a billion dollars to defeat the Democrats. You can't make this shit up...

For those overseas, the elephant is the symbol of the Republican party...

Lead NeoCon William Kristol has already indicated that he would rather see Hillary win than Trump. He stopped short of endorsing her, but at that point, what's the difference. Understand that the NeoCons are shape-shifters who go with whichever side they think represents the current "establishment".

If you haven't read it, I highly recommend the book "They Knew They Were Right". It's a mind blowing history of the NeoCons and how they have followed the establishment trend from 1930s Trotskyism, through Kennedy Democrats, Nixon Republicans etc. In other words they don't care about Democracy, they see power as a means to an end. And they follow it relentlessly to ensure that they are the power brokers and "influencers" closest to the seat of power. 

Stair-Stepping Towards "Sumamabitch!!!"

Two gap down opens in a row compliments of Europlosion...

Global Dow:

U.S. versus rest of World:

Emerging Markets are getting pole-axed this week...down almost -5% so far...

S&P Momentum

Financials 

Transports back below the 200 day...

Apple right at the $94 support line...

Ameritrade: Gamblers are used up...

The Nasdaq Count
I think we all see where I'm going with this...we only have two prior examples to look at, so it's not exactly rocket science...

They Don't Want To See It Coming

There's no risk of that happening...

Wave 3 down in Europe has begun. That's all. I'm sure it won't sell down U.S. futures much like it did last night...

The financial story of the past 24 hours was the surprise rate cut by the Australian Central bank that sent RISK OFF shudders across global markets...

Aussie / JPY
"Attention, please remove head from ass, risk is off mates"

Emerging Markets with Average U.S. stock:
You can guess which is which and then pretend that it matters...

Europe broke back below the neck line...wave 3 is underway...

Apple caught a dead cat bounce off of the all important $94 support line...the only green on my screen today aside from the VIX and Treasuries...

Apple with S&P
In a nutshell, you don't want the red line being the last thing keeping the black line up...

The Age of *Free* Trade Ended Tonight

Don't tell Obama, or Shillary, they'll be the last to know...there's no such thing as a free lunch...

Trump's win over Cruz marks the first time an anti-Free trade candidate has led the Republican Party since forever. It's a seminal moment and marks a sea change in political sentiment. Trump basically took the Republican base away from the Neocons and they will never get it back...

*Free trade* has cost the middle class their livelihood. It's cost tens of thousands of U.S. factories and millions of jobs. It has lowered U.S. productivity to the rate of a fucking barista. It has cost corporations their revenue and operating profit. It will soon cost every middle manager yuppy their jobs. And lastly it will bankrupt 90% of corporations. All of which is in the latter stages of taking place. 

It's called arbitrage...
No country will ever attempt free trade again in our lifetimes or any other lifetime. Attempting to trade with countries that have no environmental or labour standard is a fool's errand of the highest order. Any country that attempts to do so will either end up with no environmental and labour standard, or no economy. Voila. 

Say what you want about Trump, but at least he's smart enough to recognize a Ponzi Economy when he sees one. "Growing" the economy via mass immigration and outsourcing is just fake GDP. It's lazy growth. 

The people who don't understand all of this are in for the lesson of a lifetimes.

Ponzi World is ending. As predicted. 

PREPARE FOR THE HARDEST LANDING

ALL IN, at the top, at the end of the cycle. Dumb and dumber meet pavement...

ALL IN Visualized:
Investor cash balances inverted:

Small cap value (red) with consumer staples:

Corporate Profits with 0%:

Junk Bonds

Oil

JPY/Carry Trades/China

Tapped Out

Nothing quite as asinine as a beer stock with a 50 P/E ratio...but nothing is too asinine for this Idiocracy...

5x overvalued:
https://ycharts.com/companies/TAP/pe_ratio

Brewers

Lockheed Martin in fifth wave overthrow...

The iPhoney Era Is Over

Human history's most over-owned stock is imploding...all of the money they've made is "trapped" in overseas accounts

"Apple has thus far paid a “miniscule 2.3 percent tax rate on its offshore profits"


Apple's 200 WEEK moving average comes in at $90...
Stock buyback begins 2012 (one year after Jobs passes away)

Market cap 2012: $583 billion, $0 debt
Market cap today: $531 billion, $72 billion debt

Globalization's False Idols

Choose carefully...

ZH: May 3, 2016
The World Is Disintegrating On Every Front

All is not lost

"Wake up and free your mind"
"Be an individual"
"Resist the corporate state"
"Realize that one person can make a difference"
"Help others"
"Learn your rights"
"Speak the truth"
"Don't worship technology"
"Cultivate spirituality"
"Do your part"
"Don't remain silent"

Steely Knives

Today's rally volume was exactly HALF of Friday's sell-off volume...

Wave 2 blue, three lower highs

Wave 2, red, three lower highs

First up day for the Nasdaq in 7 days...

Global Dow

Staples and Utilities (following chart) both just finished their first small leg down and retracement...

A Proven Idiocracy

Blogging now is like pounding sand up your own ass. There's something highly repetitive about describing proven idiots being idiots. The old age home doesn't want ANYTHING to change. If dinner changes from 4:30pm to 6pm, they go batshit. Old people are not sane, that's the benefit of being old, you don't see it coming. Younger people don't have any excuse other than fiddle fucking around with iPhones and Kardashians...

Look at ultra-billionaire Warren Buffett telling us that things have never been better. Who exactly is he speaking for anyway? Does he expect everyone to think the same way as a 90 year old billionaire? Now his protege is saying that money printing "was massively stupid", even though he himself was the primary beneficiary of it. He says we should have borrowed it instead. Who can argue with that logic? It turns out we did both anyways. I don't know what planet he lives on, but 225 years worth of debt was doubled under Obama. That's some "fiscal stimulus" right there.

This just in, is BEYOND FULL RETARD:
"0% for 50 years is the secret to unimagined wealth"

What am I supposed to say to something like this? We're fucking doomed. 

And look at the desperate chicanery going on in Japan, Europe and China as well, where those aging populations dominate the polls. Japan is poster child for a country that will do anything to maintain status quo and never change. It's a country with no future. 

Don't ascribe any intelligence or rationality where there is literally none to be found. This society is off the deep end, in the Twilight Zone...

And it will all end with a BIG FUCKING BANG, because not one of them sees it coming. They're too busy imagining unicorns and pixie fairies while going ALL IN on junk bonds.