The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.
Friday, February 5, 2016
Jumping the Maginot Line aka. "Aw Fuck, Not This Again!!!"
The Maginot Line was retaken by the bulls, but at fatal cost. All of the generals were slaughtered: Facebook, Amazon, Netflix, Google, the Nasdaq 100 etc. Leadership now is from cereal and toilet paper companies. In other words the bull market is way over, but it's still a secret. They're waiting for confirmation Limit Down 20%, when the Maginot Line gets breached for the last time...
Nowhere for two years visualized:
1880 S&P has been touched from above and below about 20 times since 2014
Bulls used up a lot of firepower in the past two weeks to retake 1880...
Price / volume:
And in the past two years
Price / volume:
This worked again...
Equal weight/cap weight:
Another way to look at the same thing - a failed back test of the neckline...
Momentum is to the downside...
Short-term momentum oscillator: