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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
  • SPY And EEM Chart Update 0 comments
    Apr 24, 2012 10:32 AM | about stocks: SPY, EEM

    Just to update a couple of charts that I've posted in the last few weeks:

    The S&P remains rangebound after breaking to the downside of its rising (bearish) wedge earlier this month.

    The iShares Emerging Market ETF (NYSEARCA:EEM) has broken the downside of the pennant pattern it formed over the last year.

    With EEM breaking to the downside of its pennant pattern and so many of the leaders from this year's bull run showing weakness (AAPL, CMG, EMC, etc), I continue to think the likely direction out of the S&P's current consolidation will be downward.

    Stocks: SPY, EEM
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