Disneyland Is Going Away

Tomorrowland has arrived ahead of time.

MAXIMUM RISK ON:
Because Greece is "fixed". Bernie Madoff approved the deal. Everyone was so happy, they threw their remaining life savings away at the casino, just like post-Lehman, below:

Goldman Skynet orchestrated a gap up short covering rally on news that Greece is 'fixed'. All shorts have covered. We saw this movie before in 2008, post-Lehman. Ironically it was the successful (second) TARP vote that cleared out all shorts and allowed collapse to proceed.

All of the usual profit-less junk made new highs today, while everything real lagged. Did the hook just get set?...

When You Sell Others, You Get Sold

"MAXIMUM RISK. ON!!!"

Red lines: Stocks and stock market leverage are at all time highs. Consumer sentiment is at 2007 peak levels 

Black line:
Forward economic expectations were lowered yet again this week as they have been for six years straight - The liecovery serially postponed until never. Casino gamblers went ALL IN on the news.

Buy the Fucking Collapse:

Global growth (black) is at a ten year low and falling
Copper (red):

Carry trades (black) are Risk Off:

It was a bad time to be ALL IN Netflix, revenueless IPOs, Vancouver crack shacks, London penthouses, Spanish ponzi bonds, unhedged funds, Chinese internet stocks, and all other "Imagined Realities"...

History's largest charade is set to end as violently as possible. Apparently it took a while to get everyone onboard, and to leverage the multinationals for maximum obliteration.

"At the end, the multinationals, having monetized everything and everyone else, monetized themselves via stock buybacks and *special* dividends funded at 0%, compliments of Third World child sweatshops. No one blinked an eye. It was business as usual for the stoned Idiocracy."

There was nothing left to bail out.

"Maybe we've been livin with our eyes half open 

Maybe we're bent and broken, broken

 We were meant to live for so much more 

Have we lost ourselves?" 

Those Who Don't See The Bubble, Are The Bubble.

Better luck next life.

Borrowing money to buy revenueless Biotechs and other worthless garbage hits record half a trillion

NYSE Margin (absolute measure of risk)

All time high Casino leverage relative to the fake economy:
Leverage = Margin debt / (cash + margin credit balances)

"This summer's gonna hurt like a motherf*cker"

"Which stocks should I buy in history's largest fake recovery bubble?"

"How much money should I borrow to buy revenueless IPOs?"

"Who will tell me when to sell, ahead of everyone else?"

"Who will buy my worthless stocks when I dump them?"

Crash Bets Highest Since Lehman

The call / put ratio on the "VIX" (Option Implied Volatility) index is the highest since Lehman

CBOE call / put ratio 30 day moving average:

The above call options are betting on the following "revelation" taking place as illustrated...

Goldman Skynet always knows something don't they?

"It was a bad time to be ALL IN Netflix"

Prepare For "Dumbfuck Revelation" and Maximum Rioting

It turns out you CAN con everyone you know, ALL of the time 

Jobless Connedsumer sentimentality with their Puff The Magic Dragon "recovery"

Trouble in Paradise
Rydex Bullish / Bearish asset allocation
Etraders starting to realize they are bent over the log. Again. 

"Who wants more Kool-Aid?"

Those Who Didn't Learn From 2008 Have Been Condemned To Repeat It

Sans "Happy Ending"

ZH: June 19, 2015
Pope Francis: The Status Quo "Has No Future"
"Saving banks at any cost, making the public pay the price, foregoing a firm commitment to reviewing and reforming the entire system, only reaffirms the absolute power of a financial system, a power which has no future and will only give rise to new crises after a slow, costly and only apparent recovery. The financial crisis of 2007-08 provided an opportunity to develop a new economy, more attentive to ethical principles, and new ways of regulating speculative financial practices and virtual wealth. But the response to the crisis did not include rethinking the outdated criteria which continue to rule the world."


The Idiocracy only conned themselves, all of the debts owed from 2008 WILL get paid.

Obama's permanent legacy will be one of looking the other way while the real damage was done. The foodstamp-dispensing Wall Street Manchurian Candidate.

Casino Gamblers Got What They Wanted: A Failed Recovery

The Game of Dumbfucks Is Ending. At 0%. Corrupt Etraders are getting what they apparently wanted all along - a portfolio of worthless stocks...

Reuters June 18, 2015
Investors cheered news this week that the Fed once again lowered its economic growth forecast
"Stock markets around the world rallied on Thursday, while the U.S. dollar fell, a day after the Federal Reserve signalled that interest rates would rise more slowly than many had expected...lowering its forecasts for 2015 economic growth and reducing its federal funds rate forecast."

The wealthiest fucktards don't want economic recovery. Instead, they want to continue to pillage the economy for stock buybacks at 0%, while pretending that the economy will float back from China any minute now. 

Careful what you wish for...

RISK OFF: Never Cry Collapse. In Broad Daylight.

Binary Risk Visualized: 1997 Redux
Here is the 100% correlated Japanese Nikkei stock market (red) with Japanese Yen (inverted) both of which peaked BEFORE the final peak in the U.S. circa 2007 (July versus October):

And the MASSIVE unwind was "Binary". Just like it will be this time i.e. overnight:

Chinese stocks peaked with the S&P in 2007
Shanghai Composite

Chinese small caps.
Down -7.97% today...15% from the top...

FXI Chinese Stock ETF with Chinese GDP Growth (red line)
The a-b-c retracement form is highly reliable...

Collapse isn't an "event" it's a process of neglect and liquidation that has been taking place for years in broad daylight, and will culminate with a final spectacle that can only be described as "dumbfuck revelation". 

When You Sell Others, You Get Sold.

Etraders went ALL IN on profitless junk this week, on news that the Fed has lowered its economic growth forecast.

One of these is not like the others...

Growth / Value:

Continued...

Globalization IS A Financial Crisis

It's the gift that keeps on giving

Here he goes again...David Stockman is out rewriting history. In all fairness, if I had been Reagan's budget director during the '80s when U.S. debt tripled, I would be rewriting history as well. 

You don't get cheap junk at Walmart without the debt:
ECON 101: Trade deficits axiomatically require debt accumulation. Capital account = Current account
I think someone needs to go back to school:

I can't spend all of my time refuting total fucking bullshit from denialist geezers...