Via @MI_Investments
via @OccupyWisdom :
I’ve never seen so much celebration over a 7 month sideways move pic.twitter.com/89xcxzqzQj
— OW (@OccupyWisdom) September 24, 2018
“NOBODY COULD HAVE SAW IT COMING”
– Said, (insert expert), 2019
(Some people did charts via @GluskinSheffInc)
1/ FLAT ALMOST INVERTED YIELD CURVE
Once the spread between the interest yield on 2-year and 10 year #Treasury note goes negative, #recession follows almost always. pic.twitter.com/P5Q3H9EmA0
— OW (@OccupyWisdom) September 25, 2018
2/ #EMERGINGMARKETS / GLOBAL #DEBT HAS NEVER BEEN HIGHER
Debt as a percentage of #GDP in emerging markets. It's approaching $60 trillion, or 200% of their GDP. pic.twitter.com/9yIMhurk1q
— OW (@OccupyWisdom) September 25, 2018
3/ US CORPORATE DEBT IS ABOUT TO DOUBLE
Self evidently a problem. pic.twitter.com/k4RWBFVFDJ
— OW (@OccupyWisdom) September 25, 2018
4/ TOPPING PATTERN SIMILAR TO 2007
Also self evident. pic.twitter.com/dMvVDpq2g0
— OW (@OccupyWisdom) September 25, 2018
This new rally has been on declining volume, massive (1T) stock buybacks and massive short covering.
It seems like a suckers rally; a head fake.
Smart money left in February, and hasn’t returned. pic.twitter.com/GF0ecZytgt
— OW (@OccupyWisdom) September 25, 2018