This week we're seeing an epic blowoff in criminality. High even by U.S. standards. Faux News bandits just flipped the script from "no collusion" to "collusion as usual". Because in America, the biggest criminals operate in broad daylight.
Which brings us to the final kill, because, who would warn them, fellow criminals? They don't trust anyone who can be trusted. To this profoundly cynical and crass Idiocracy, corruption can only be a fantastic buying opportunity:
“Trump’s approval rating starts this impeachment process near a cycle high"
Indeed.
Speaking of organized crime, America's deathcare syndicate just reached $20k in employer premiums per year for a family. That's the equivalent of $10/hour in (lost) wages, for anyone wondering what happened to the middle class.
Indeed.
Speaking of organized crime, America's deathcare syndicate just reached $20k in employer premiums per year for a family. That's the equivalent of $10/hour in (lost) wages, for anyone wondering what happened to the middle class.
Back to the casino, the Dow has gone nowhere for an entire year, which can only mean one thing: new highs are yet to come:
Enter data mining, last refuge of all perma-bulls. Because the bull argument is that stocks MUST always rally double digits in the 12 months before they peak. Based upon a statistically insignificant seven prior observations.
Deflation is coming in for a hard landing
"Equities have always had a double-digit rally before the economy experiences a downturn.”
Attempting to predict the stock market by looking at the economy is like trying to drive forward by looking through the rear view mirror. Per my previous post, economists were a year late calling the last recession. By which time stocks had already collapsed. Meanwhile, even the data in the article shows that stocks peak ahead of the economy every time.
Only Utilities peak late in the cycle, coincident with the economy:
Only Utilities peak late in the cycle, coincident with the economy:
Enter data mining, last refuge of all perma-bulls. Because the bull argument is that stocks MUST always rally double digits in the 12 months before they peak. Based upon a statistically insignificant seven prior observations.
Here below we see that year over year the Dow is flat. Whereas year to date, the casino is up 20%. It all comes down to whether you see the glass as half full or about to explode. The less information you have before you make that call, the better it will appear to align with past history.
Because any blind man can see that this latest bounce off the 200 day (red line) is weaker than the others:
Oil peaked one year ago:
You wouldn't know there was an attack on the world's largest oil refinery this past week given that oil is ready to final implode. Just in time for human history's largest IPO:
Like the Dow and S&P 500, lower highs for the Tech heavy Nasdaq 100. Every failed test of the 50 day has brought a re-test of the 200 day. If that fails, look out below:
The Russell 2000 is already testing the 200 day, driving the Wednesday "rally"
The Nasdaq Hindenburg Omens were offset from the final decline by two months last year as well:
In the argument that stocks always have a big run prior to the top, really what are we owed?
This week appears to be some sort of an epic blowoff of organized crime:
"Peloton Interactive Inc.’s planned Nasdaq debut on Thursday extends this year’s run of IPOs by so-called unicorns—huge, money-losing firms like Uber Technologies Inc. and Pinterest Inc. The unprofitable members of the 2019 class of IPOs have already raised the most cash of any year since at least 2000"
“These types of names go completely out of favor in a recessionary environment.”
This week appears to be some sort of an epic blowoff of organized crime:
"Peloton Interactive Inc.’s planned Nasdaq debut on Thursday extends this year’s run of IPOs by so-called unicorns—huge, money-losing firms like Uber Technologies Inc. and Pinterest Inc. The unprofitable members of the 2019 class of IPOs have already raised the most cash of any year since at least 2000"
“These types of names go completely out of favor in a recessionary environment.”
One of these bailouts is not like the others.
Deflation is coming in for a hard landing
