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, May 25, 2016

NO BID MARKET ON DECK

Skynet has used low liquidity momentum ignition to keep the market pinned to all time highs. As we've only learned twice in the past year, liquidity, volatility, and momentum cut both ways...

Stock market liquidity peaked with the Alibaba IPO in September 2014. Subsequently, whenever Alibaba rolls over, the market rolls over and vice versa. Alibaba is tanking today due to an SEC investigation over irregular accounting. What else? Plan accordingly.

Liquidity has left the building:
Price / volume (Red):

As long as oil doesn't roll over, this will all be fine

There's nothing odd about this whatsoever.

As it was in 2008, Financials were the last to rally...

Volatility compression is nothing new...it just always ends badly...Did I say the market was back to the December breakdown level? I meant August...