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.

Monday, May 2, 2016

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...