I assert full copyright to the book and movie of the name "The Big Long". Should be a huge hit - exact same plot as last time except Donald Trump as lead con man. Once again starring the same guy who became famous by predicting the last crash.
Ignored all over again by a society deep in narcoleptic coma...
Imagine if there was a guy, call him Michael Burry, who warned about the 2008 subprime time bomb, made millions of dollars shorting it, and then was featured in a book and movie about it - would anyone believe him the next time he warned of a bubble? Of course not. We live in a total fucking Idiocracy...
New all time high for extreme greed:
https://money.cnn.com/data/fear-and-greed/
Unlike perma-bears such as myself who have warned for a decade straight that simulated prosperity will end extraordinarily badly, Burry only warned six months ago about the index bubble. And yet he too has been assiduously ignored.
"Do ETFs threaten the market's structure by making it too easy to pile into — or bail out of — the same stocks or bonds at lightning speed?
That's the public claim of Michael Burry. Burry is famous for appearing in "The Big Short," a book about his bet against mortgages ahead of the 2008 crisis. Burry, who ran Scion Asset Management, has called ETFs and passive investing a "bubble." He says ETFs put too much fast money into too few concentrated positions."
That assertion is "fake news," Matt Bartolini, head of ETF provider SPDR Americas Research, told a gathering of financial advisors at the Schwab Impact conference in San Diego"
No conflict of interest there...
Here we see the net effect of passive indexing - a chasmic gap between market breadth and the senior market indices. What happens when ETFs put too much fast money into too few concentrated positions:
Recall, the Rydex asset positioning ratio is warning as to what's coming:
The Hindenburg Omens are warning what is coming.
Hindenburg Omens warn of a bifurcated market consisting of significant new highs and new lows at the same time:
On a volatility adjusted basis, the market peaked a month ago. New highs peaked several weeks ago:
"Safe havens" are entering third wave down:
Gamblers are thoroughly drugged by the virtual simulation of prosperity and its acolyte QE.
Whereas the 2018 top was led by pot stocks, this top is led by real drugs.
The kind that kill you:
Emerging Markets are leading today:
The weekly view
Another year of trade war, leading to higher tariffs, another truce, and a completed three wave correction:
AMD was the best performing stock in the S&P 500 two years in a row. Now in parabolic blowoff mode:
Move along, nothing to see here
