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.

Wednesday, April 20, 2016

The Two Last Leading Sectors Are Getting Smoked

The two leading sectors - Utilities and Staples got monkey hammered into today's close on heavy volume. Bullshit is the last asset class keeping this clusterfuck from imploding...

The risk of keeping rates at 0% for seven years was that investors would become artificially complacent and go ALL IN at the very end of the cycle, making up bullshit rationalizations along the way...Voila:

Jedi Mind Trick for stunned dunces...
72% overvalued Dow, with Fed balance sheet and 0%.

Shorts are covering ahead of tomorrow's ECB circle jerk, but otherwise the market has lost all leadership, for the first time in seven years...

Staples

Utilities

A month of gains, gone...

The S&P count is still intact, but Skynet took it to the limit...