WORST STOCK MARKET START TO THANKSGIVING WEEK IN 45 YEARS?

WORST #STOCKMARKET START TO THANKSGIVING WEEK IN 45 YEARS

Thanks for playing! pic.twitter.com/SL4cii6N08

— OW🎄 (@OccupyWisdom) November 21, 2018

Load up on corporate debt

Get a nice tax cut

Take the money and buy your own stock back at record evaluations 10 years into a bull market

Don’t make capital improvements

Watch rates rise as we go into recession

Default on debt

Sell stock at loss

Cause financial crisis pic.twitter.com/iLpSJEOK3x

— OW🎄 (@OccupyWisdom) November 21, 2018

Thought about it, needs to drop another $265B before it’s even in the universe of fair value t.co/zEPexNZRhk

— OW🎄 (@OccupyWisdom) November 22, 2018

WHAT HAPPENS NEXT?#Monetary base vs. #Wilshire5000 pic.twitter.com/X0jOFWnv5n

— OW🎄 (@OccupyWisdom) November 22, 2018

Here is the history of Black Friday pic.twitter.com/p288F5IS7w

— Alastair Williamson (@StockBoardAsset) November 22, 2018

New Lows Coming

While US cash markets are closed the futures continue to trade, with all of them red at the moment including, notably, oil.

Also notably any corresponding bounce in US Treasury paper is missing in action.

All of which is consistent with the liquidity flood now heading back out to sea.

Oh well, easy come, hard go.

For reference, the former closing low in the S&P 500 was 2,581.0 on Feb 18.

For kicks, the other manufactured double bottom low was 2,581.9 on Apr 2.

So there you have it.  The next big fight is to close at 2,582.0 so a massive tripple bottom can be painted.  You know, because “”markets.””

 

h/t Chris