Hardcore Idiocracy

"Now this rings a bell..."

"The last time the large-cap index fell in eight consecutive sessions was in October 2008, when the market dropped massively during the first 10 calendar days of that month, in a market crash that came soon after the Lehman Brothers bankruptcy."

"Don't tell me: buying opportunity"

Inverse cash balances are tracking Semiconductors for some reason...

Global GDP with S&P Earnings Yield

BETTING IT ALL ON GLOBALIZATION. YES AGAIN...

Deja vu of Brexit, stoned zombies are unhedged going into the election. Rule #1 of the Idiocracy, make the same mistake as many times as it takes to self-implode...

"Cross your fingers and bungee jump..."

BBG: Nov. 3, 2016
Wealthy Asian, European Investors Bet On Clinton

"One firm says more than 80 percent of its customers’ dollars are wagering on Hillary Clinton."

Why Wall Street is out of position:

"The 2016 election has confounded pundits, upended precedent and now it’s spurring unusual patterns in the U.S. equity market"

"The S&P 500 Index has advanced in the five days before the vote in 20 of the past 22 cycles...While the gauge has climbed an average 1.9 percent in the run-up to elections going back to 1928, it’s down 1.8 percent since Monday


"No need to hedge"

Index put/call ratio:

They can't hedge now, it's too expensive. The EXACT same mistake was made during Brexit. 

"A tightening race has sent the S&P 500 down eight straight days, the longest slump since 2008, and pushed the CBOE Volatility Index to its lengthiest streak of gains on record."

VIX with UVXY ETF volume:

Speaking of wealthy gamblers imploding...

Wynn Casinos:

"I swear I've seen this before, no idea when..."

The Idiocracy Is Bungee Jumping With A Noose

It turns out that Brexit was not a good reason to buy stocks...

Who knew?

ZH: Nov. 3, 2016
The Longest Losing Streak Since Lehman

aka. "It's probably nothing"

The Nasdaq has now entered the vertical zone...

Big Pharma monkey hammered as the DOJ investigates price fixing...

3x leveraged oil

Consumer staples

Growth / value aka. "RISK OFF"

Relative Strength is firmly in the Mega Crash zone:

VIX / Liquidity aka. No way out...

"What, me worry?"

Selling intensity (TRIN):

As long as restaurants hired a lot of workers ahead of the election, this will all be fine...

"The LMCI is derived from a dynamic factor model that extracts the primary common variation from 19 labor market indicators." 

The Status Quo Hangs On Labor Farce Participation

Tomorrow, The Bureau of Labor Sorcery (BLS) will consult their Magic 8 Ball to reverse engineer whatever twice seasonally adjusted number helps to get Hillary Clinton elected...

Throughout this colossal charade, the Labor Farce Participation rate has moved steadily lower, while the unemployment rate has also gone lower. Because the only way the unemployment rate goes down is when people stop looking for McJobs. Therefore, when everyone gets outsourced to make the latest quarter, the unemployment rate will be zero. And the streets will burn like the Fourth of July.

Of course this all makes perfect sense to Mayor McJob in the White House...

Speaking of Mayor McJob, as of the last jobless report, 

ZH: Oct. 7, 2016
Since 2014 The U.S. Has Added 547,000 Waiters and Bartenders and Lost 32,000 Manufacturing Jobs


But wait, this just in:

"Guard Your Manhood"

"A warning about market liquidity: There is none"

BECAUSE: The greater fool has been found:

WARNING: If you own our stock, you are about to get monkey hammered into fucking oblivion. Like last time...

WARNING: One more gap 'n crap and this charade is game over, man...

WARNING: The most overowned stock of 2016 is imploding...

VIX / Liquidity

An Inconvenient Mega Crash From All Time Lies

ZH: Nov. 2nd, 2016
The Last 3 Times This Happened, The World Was Gripped By Financial Crisis

"Seven straight days of declines..."

U.S. Markets new lies:

% of stocks above 200 dma:

“You could easily make the argument it’s the most bearish report of all time...There’s nothing to support the market.”

Meanwhile, junk bonds got shellacked today on massive volume...

This shows weekly volume with two days left in the week:

The Trump vortex is winding tighter as Mexican Peso volatility skyrockets...

This is the Peso / USD:

European stocks aka. IQ test for stoned zombies:

"Remind me again, how does this end?"

Rest of world ex-U.S.

Relative strength is in the mega crash zone...

IPOs are in the guard-your-manhood zone...

Surprise. There are no "winners". There are just self-absorbed morons who bought massively overvalued internet stocks at the peak right before they guided revenue lower...

Like last time...

"In the broadening top formation five minor reversals are followed by a substantial decline."

"It is a common saying that smart money is out of market in such formation and market is out of control. In its formation, most of the selling is completed in the early stage by big players and the participation is from general public in the later stage."

Weekly money (out) flow:

In summary:

"The market is out of control"