Friday, January 23, 2015

Worshipping in the Temple of Doom

One mega-lie deserves the next bigger one...

Large scale bets against this disaster reached a 2.5 year high. TODAY
Index put/call: 


The State of the Obamanation
"We've turned the page, to the next page, which will take us to the next page, of bullshit"
The Obama "Recovery" compared to the Bush "Recovery" via one year interest rates
You have to squint to see his fantastic recovery that cost $100k/household in new Federal debt...



"RISK OFF": 
Nice try...
Index Put/Call 50 DMA



Why is American Airlines recently IPO'd? Because it was recently bankrupt.
A double since October. No they never ever learn.



The True NYSE:
% of Stocks Above 200 DMA:



The True Nasdaq



Momentum
5 DMA:



New Highs 10 Day Moving Average



The Priceline Indicator



The Junk Indicator



"China is set to record its weakest growth in GDP in 25 years. Yet it seems to have entered a bull market and may be where we deploy much more of our risk capital next year. That's because the recent exuberant run up in onshore Chinese equities seems to me to amply demonstrate the power of imagined realities."



Imagined realities indeed.