Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Tuesday, April 26, 2016

Y2K Deja Vu: Nasdaq Third Wave Down

Low volume Skynet is now going to meet high volume Social Mood...

Apple is imploding after hours, due to misses on the top and bottom line and forward guide down on revenue

Sales to China down -25%

Twitter is also imploding on big revenue guide down

So far, the biggest cap tech names have all missed expectations

~~Microsoft~~
~~Google~~
~~Intel~~
~~IBM~~
~~Netflix~~
~~Twitter~~

~~Apple~~

% of stocks above 200 dma

Biotech

IPOs

The only Tech IPO of the year was Friday and it's already below the IPO (Wall Street) price, $14:

Nasdaq count