Sleepwalking Into The Abyss

As it was in 2008, Walmart and the stock market (S&P)

Converging - to the downside.

Only because real people can barely afford to eat.

So unfortunately, it's that time again, for everyone to WAKE THE FUCK UP.

Or, just sit still and get annihilated.

I realize that we are all being slowly euthanized by a lethal concoction of Central Bank dopium, laced with junk food and junk culture, cut and distributed by Wall Street front running bots, and blown straight up our asses by the media, but it's incumbent upon us to lift ourselves from this dopium induced coma to figure out what the hell is going on, before it's too late...

Who Wants A Millunaire?

Zerohedge just warned us that the U.S. faces a major outflow of millunaires due to the likely inevitable tax hikes resulting from the fiscal cliff calamity besieging Washington.  Not surprisingly, my take on these events is not quite the same as the catastrophic result the Lost Boys are predicting.  Let's look at this issue from another angle, where would all of these millunaires go and who would want them?  What are the criteria these Atlas-like "great men" should seek in their new very fortunate-to-have-them domicile?

The High Cost of Conformity: All Now, Nothing Later

I just took this picture of tonight's full moon with Jupiter.  I took it with a point-and-shoot on full digital zoom, so it's clearly an optical illusion.  Someone can probably explain why the moon appears relatively small and Jupiter very large - unfortunately I can't.

This scene got me thinking about Elliot Wave Theory which I recently dubbed "financial astrology"...

Irrational Exuberance

Apple: Market Leader.  Five Down, Three Up.  Trend is down.

Yesterday, Zerohedge showed bullish speculative positioning at multi-year record long going into year end. Today they kindly reminded us that the market has fully decoupled from economic reality. Bear in mind that the ECRI leading index includes the stock market as a leading indicator, meaning if the market was not going up, the ECRI would already be going down. As you see from that ZH chart, the market has a habit of converging to the downside with economic reality - as it did in 2008 and 2011.  Like I said before, the party is already over, so all we are doing now is waiting for Wall Street to come down off of Dr. Bernankenstein's latest dopium fix...

BTFD: High Stakes Game

Bears would say we broke down through the lower trend line of a (bearish) rising wedge and now we are re-testing the underside of the trend line on a low volume (low conviction), oversold, short-covering spike.  The obligatory last kiss goodbye.  Bulls would say we are about to retake that lower trendline, like the last two times, and then power to a new high.  You know where I stand.  The market is now back to being overbought (Mclellan Oscillator), so if that trend line is not taken back soon, someone is going to be changing their underwear.  Bulls would counter that Wall Street is desperate to keep this shit show levitated through year end, bonus time.  To which I will say that they have to deal with the four horsemen of 2012...

Sovereign Debt, The New Subprime

I just watched this commencement speech by Michael Burry who was one of the speculators that made millions off of the subprime crisis.  The UCLA dork introducing him starts out by saying that Queen Elizabeth asked the London School of Economics why nobody predicted the 2008 financial crisis.  Then he goes on to say that  Burry was one of the few people who actually foresaw the crisis.  I am sure being a Professor in the Economics Department, the introducer desperately needs to believe that "no one saw the collapse coming",  however, unfortunately it's all complete bullshit of course, because everyone knew in the latter stages of that era that the housing boom was going to end very badly.  But like deer in headlights,  everyone essentially froze up and pretended that the unsustainable  would continue indefinitely.  Sound familiar?...

A Conspiracy of Dunces

In case other countries are wondering how American workers became Third World wage slaves in their own country - below are step-by-step instructions.
(Warning: Do Not Try This At Home):

The Real Economy

Dow Transports represent the real economy i.e. that part of the economy not sponsored by Central Banksters and political game show hosts.  Let's ask them what they think about this shit show:

Fiddling While Rome Burns

"The significant problems we face today cannot be solved at the same level of thinking we were at when we created them"  - Albert Einstein

Is there any doubt at this juncture that U.S. politics have devolved into a thoroughly buffoonish farce?  In addition to this morally corrupt fiscal cliff debate over precisely how best to bankrupt the nation's grandchildren, now the lamestream media at the behest of the party of hate and war, is fixating on the "talking points" surrounding the Benghazi embassy attack...

Slowly at First, Then All at Once

I showed recently that my blog stats have been ticking inexorably higher throughout this year, starting last May.  I honestly had hoped and believed that this blog and its underlying message would have gone viral by this juncture.  Actually well before this point.  That said, it should come as no surprise to any of us that the Point of Recognition will exactly coincide with the global markets collapse, once again coming a day late and many dollars short. 

You Have a Choice of the Blue Pill or The Blue Pill  

The fact that full Ponzi recognition has not yet occurred, is overwhelming proof that the vast majority of people on this planet - or should I say those with decent income - are totally bought in to and sold out to the Globalized Ponzi Scheme.  This confirms the axiom that it's easier to fool a million people, than it is to fool ten, especially when they are stewed in junk food and junk culture.  Maintaining this grand delusion is the job of commercial media outlets which have wholeheartedly embraced the sugar coated infotainment format to spoon feed a pablum hungry aging population desperate to believe that the status quo is infinitely sustainable.  As I pointed out recently, this willful ignorance by the average citizen and all of our policy leaders, comes at a very steep cost at this late juncture.  Had we woken up to the inherent unsustainability of this model years ago, we could have taken action to mitigate the effects of its collapse by adopting a more sustainable model.  In choosing the path of pure self-delusion and wishful thinking we have found lethal new ways to ever-inflate the credit bubble, ensuring a massively destructive outcome...