Morning Charts 08/28/2014 SPX /es

Well, this would be STB "event" worthy - Financially related and out of their control - a real exogenous event -  The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan  - well, at least the first domino in a much larger scale. slow motion implosion.

"And yet, while both sides declared their operational readiness and eagerness to bypass the dollar entirely, such plans remained purely in the arena of monetary foreplay and the long awaited first shot across the Petrodollar bow was absent.
Until now."

Now is here. Damn good job Obummer, Military Industrial Complex and Fed fascists. You have brought the beginning to the end of the petrodollar - WRC status is now officially on the decline. Like a slow motion train wreck you could see coming years in advance, Nooooooooooooooooo - BLAM! Or, we can liken it to that large bug hitting the windshield of life - SPLAT! O is collectively racking up achievement after achievement on his scorecard for destruction of America. We all know he sucks, but in his world, he's totally kicking ass.


On tot he lie -

There really is a world of shit going down right now -  Take yesterday for example. Another record low volume day chocked full of low lights - I'll let ZH sum it all up - Confidence In Central Planning Saved With Last Second All Time High Ramp. This following the retail trader lockout yesterday. Yields? - uh, don't look now. GDP revision, could it happen?  There is no way they can manage the whirlwind of crap that is swirling around them now. Sure they are masters of their own universe, but it's just that, their universe, that's beginning to crumble. There are just too many balls in the air and things are starting to get dropped. Well, I say there is no way they can manage the situation  - don't forget they closed the "gates" a month or so ago - they do have a contingency plan in place.

I think they left the necessary quotes off the word 'experts' in this post title - Two experts warn correction could total 60%. Let me add that if this market corrects much more than 1% the flood gates will open. It won't stop magically at 60^.

SPX Monthly - 5.....4......3......2.......

STOP! Take another look at that chart. Take a step back and observe this run, where it is in relation to the past two tops. Easy ...... look at it, now you should be either sick to your stomach or really nervous. No bubbles here - valuations are just fine. Fucking insanity is what it is.

STB Xtra  - DOT Proposes Mandating Cars Broadcast Location, Direction and Speed throw this in with the coming mandatory phone cut off system and .... well ..... you know.

Go look at that chart again. Do it.

Wow.

More to come below.

Have a good day.

GL and GB!