The reality that their consumption orgy was ending was beyond their fragile mental capacity to accept, so true to form, they just pretended it wasn't happening...
"Party time: stocks advanced for a record two days straight and are now back in November 2014:"
Cascading sell-off aka. nested 1s and 2s...
Counting nested 1s and 2s off the top in May, using internals to give a clearer view of the nested fractals...
Except this time the market is far weaker, and this is wave 3 at all degrees of trend...
% of S&P stocks above 200 dma
"It was a long way down to their fake-believe economy. aka. Pavement..."
Treasury bonds were already way ahead of stocks...
20 Year versus One year Treasury yield...
But stocks caught down quickly...
