Which somewhat puts this in perspective:
As we see, the Nasdaq has given up on upper support and is now pounding lower support (neckline). More on that below...
This is the problem with having a 900 year-old granny as Fed chairwoman. One week is like a lifetime...
Last week:
Janet Yellen: Another Financial Crisis Is Unlikely In Our Lifetime
One week later:
I said that "lifetime" would be measured in dog minutes, apparently it's measured in Fed minutes:
Meanwhile, this is what passes for good news in a de facto Idiocracy - having searched high and low, one retail analyst finds one unknown retailer that's not imploding...
Another failed rally for tech bulls, featuring a lower high and testing of the last support line...
Oil logs another massive distribution day:
Oil continues to track U.S. deflation 1:1
As I said earlier, the gap between reality and fantasy is now chasmic, as evidenced here by the gap between U.S. short-term rates and the dollar:
Outside of the Fed-controlled short-end, and the casino itself, markets have abandoned the reflation fantasy. Weak dollar has done nothing for oil this year...
Wall Street's latest Unicorn ($1b+ valuation) IPO continues to sink below the IPO price.
Silicon Valley is shitting a brick, because the party is over...
Biotech was leading today which gives an idea as to the quality and duration of this latest "rally"
Latest Bitcoin count
Eight years of free casino money later...
"We're starting to get worried about another bubble"
