Not just any types of games, mind you - blood sport games - pitting gladiators against each other, wild carnivores, and various other unarmed combatants. These are the best type of games to provide cathartic release for an agitated population on the verge of anarchy.
Anarchy as Spectacle - Not What the Romans Had In Mind... No one seems to have made the connection that constantly packaging anarchy as spectacle will only incite more anarchy. Full credit - the Idiocracy is always willing to try new things no matter how fucking stupid.
Here is the real story of the week, commodities getting hammered:
Pound, And Ground
Below is the Chart of the Week. It shows the McClellan Oscillator against a 3 year chart of the S&P ETF. I normally don't dwell on these fancier indicators, but this one really struck my eye. Basically, the spikes up in the oscillator indicates net upside momentum and the spikes down indicate net downside momentum. Momentum is defined as the number of stocks participating in the rally/decline. Direction is not the only factor - look at the range of each spike up/down. To the far right where we are today, each drop has been well contained - indicating every dip is getting heavily bought. Whereas if you look to earlier tops - even the smaller ones - you see some serious spikes down indicating washout selling. Also today, as you see in the lower pane, there is heavy distribution (down volume), yet no major spike down in the oscillator. That is a major divergence from what has occurred in the past. The bottom line is that even though institutions are selling heavily, HFT algos are buying every dip, to maintain the uptrend. This is the scenario we predicted, where HFT algos would eventually be inundated by sell orders. It's already happening, as indicated by the loss of momentum. This momentum divergence will resolve with a spike to the downside - both in price and momentum - as it has every other time; of course, that would break the uptrend, at which time Wall Street's underwear will be nicotine-stained again, to be sure. In the meantime, any upside strength will be met with heavy selling, until algos realize they are not supposed to be holding stocks for more than :15 minutes...
Speaking of which, adult diaper maker, Kimberly Clark, went parabolic today. Wall Street loading the boat with incontinence products ahead of time. Just remember - "Guard Your Manhood". Never shit your pants without a diaper:
Why is it that so many market pundits still look at investor sentiment surveys to determine market direction when 70% of dwindled volume (half what it was 6 years ago) is from computers? At least on a short-term basis, sentiment means nothing at this juncture. Computers decide the direction of the market. When they decide "risk on", stocks go up. When they decide it's "risk off", stocks will go down. Fast. Sentiment surveys and indicators were practically useless during the entire rally up - making us bears look like fucking buffoons - but now I am to believe they will matter on the way down? Ok, whatever. For those who say for example, gold should rally because the Daily Sentiment Index is a record low 2% bulls, bear in mind, computers didn't get that memo...