Bilking the elderly out of their life savings. The price will be measured in sequestered carbon, not dollars.
The Banana Republicanborrowed stolen tax cut for the ultra-wealthy, will be viewed as the largest theft in human history without any comparison. This Ponzi scheme is now record overbought: When the rally began in December, it was record oversold.
Two decades of data:
The Banana Republican
Two decades of data:
What this era proves definitively, is that there is no lie these people won't believe. No liar too fraudulent.
I know why.
Because the usual sociopaths have been lying for a year straight. And now time is up.
Recall that last January was the best start to a year since 1987. Now apparently, so is this year:
Because the usual sociopaths have been lying for a year straight. And now time is up.
Recall that last January was the best start to a year since 1987. Now apparently, so is this year:
Deja vu of last year, the S&P is rallying into January's fourth quarter earnings reports, the only difference is that last year featured blowout earnings, whereas this year, so far earnings season has been a bust, with high profile misses by JP Morgan, Morgan Stanley, Citigroup, American Express, Wells Fargo, and now Netflix. This week alone. To say nothing of the myriad earnings warnings leading up to this season.
Today's fake rally is compliments of yet more *news* about a trade deal between the U.S. and China. We've only seen this movie several times, but the old age home can't remember the ending.
Here we can see via China's largest consumer stock, the various trade deals and fake agreements that have been struck over the past year. Unfortunately for today's denialists, Trump isn't interested in a "deal" - his not so hidden agenda, is to implode China.
And it's working great.
And it's working great.
One of the bimbos on CNBC commented that it's odd to see both high-end jewelry (Tiffany's) and mid-range (Signet) jewelry implode at the same time.
Her conclusion: this is clearly a "jewelry"-specific consumer issue.
Clearly it can't be because the con job is ending.
"The University of Michigan said its consumer sentiment index in January skidded to a reading of 90.7 in January from 98.3, which is the worst reading since October 2016...Economists polled by MarketWatch forecast a 97.5 reading"
This chart shows all we need to know about the state of growth/momentum stocks.
The left and right shoulders began and ended with identical breadth thrusts (lower pane). This current breadth thrust is multi-year overbought and yet the index is at a lower level:
The fake Trumpflation trade (cyclicals), ready to final implode
Speaking of non-stop lying, this is the chart of Financial Asset management stocks, which retraced ALL of their Trumptopian gains in 2018.
All while financial used-car-salesmen were telling sheeple to buy this gong show with both hands.
All while financial used-car-salesmen were telling sheeple to buy this gong show with both hands.
Here we see that the zombies are stoned again. Although they seem to be coming down off their high:
The crime of the century:
Bilking the elderly out of their life savings
