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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • S&P Multi-Year Rising Wedge Nearing Its End 0 comments
    Mar 8, 2013 3:43 PM | about stocks: SPY, SSO, SDS

    I have been quiet for a couple months now. I'm sorry I haven't been consistent in posting any other material. Life has been a bit hectic, and the market has been fairly uninteresting as it seems stuck in an unsustainable liquidity-driven zombie-like march higher. There are enough warning signs that I can't bring myself to jump on this runaway train, but there aren't any indications that a breakdown is imminent yet either. And so I wait. And watch. At some point I will make a very large short bet. Here is the 20 year weekly chart. The last four years are a steep rising wedge that ends this summer. Moneyflow has been steadily declining over the last 3 years, creating a bearish divergence. The S&P is approaching the old high's from 2000 and 2008. The coming weeks and months should be interesting.

    (click to enlarge)

    Stocks: SPY, SSO, SDS
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