Tuesday, August 23, 2016

Morning Charts 08/23/2016 SPX /es

Numerology? Predictive programming?  Get  it? QE4 and Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An "Economic Shock". 4 and 4? Ya think they are trying to send a message? Subtle, not. And thus, my ultimate top call remains shelved. I did have a dream last night that I called a top which is a first, so .... 

Eventually the naysayers and deniers are gonna get it right - really right - and all the bulltards are gonna be sitting around just like in '00 and '08 going Whuuuuut just happened? Jim Grant: "This Will Turn Out To Be Very Bad For Many People". The only difference is this time there won't be a 'recovery'. 

And one of my long time fav things to point out - Top 25 Corporate Pension Plans Alone Are Underfunded By Over $225 Billion. So that's $9bn per plan? Is that even possible?

On to the lie -

SPX 30m - How bad are things technically? Not sure I can remember the last time I was inclined to draw a trendline on a chart - that bad. OK, I could add a couple to the chart below, but they'd be slightly more than meaningless IMO.

Freedom watch -

Must read cause you need to know why to prep cause when things go south - it's gonna get nasty fast - When The Trucks Stop Running...

More to come below.

Have a good day.

GL and GB!

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