Monday, January 25, 2016

S&P 500 REALITY........700 Days In No Man's Land

S&P 500 REALITY

Since the S&P 500 crossed the 1870 mark in early March 2014, there have been 35 attempts to rally higher. All of them have failed.

Like the bloody trenches of World War I, the movement back and forth in "no man's land" on the chart below has been pointless for over 700 days now
. At some juncture in the not too distant future, the stock averages are going to break this trading range, and plunge back down to earth.

QE has been a failure in Europe, the US and everywhere else it has been tried.

Contemporary central bankers function like a team of monetary wranglers, herding the retail cattle toward the asset gathers. And the latter always and everywhere manage to scalp a fee from investor portfolios being inflated by central bank action. It's the modus operandi of our regime of bubble finance. They will continue until the system collapses.

700 Days In No Man's Land:


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