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Market Breadth Has Collapsed Around The World
The 100-day moving average of the advance/decline ratio for the MSCI World Index has collapsed to its lowest level since November 2008.
Out of the 46 MSCI country indices, we count 20 countries where the 100-day moving average of the advance/decline ratio is at its lowest level since 2008 or below it.
Below are charts for the MSCI World Index and MSCI Emerging Markets Index as well as our top 10 worst advance/decline country charts.
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But wait now. This doesn't make sense. We're in a recovery, aren't we?
Just as the printers are slowing down.
Anyone suprised by the result of switching off $85B/m (I'm sorry $1.02T/yr) deserves to lose their shirt.
After all the failures.....we just had the figure the 1513th shot at socialism had to be a dead lock.
You're confusing it with The Second Law. It's really To The 2nd Power....there, fixed it for ya.
"Since 2008" is going to catch up to this ponzi sooner or later.
Seems, bleeding out is this falls fashion.
With Ebola it may be in fashion all thoought next year as well.
Proves another point -- algos don't care much for broads.
bad breadth
SO WHAT THEY WILL PRINT MORE MONEY... I am tired of this market metric and this market metric, none of it matters.
Every now and then a very notable and important event occurs, sometimes it slips by without even being noticed. For months the major world currencies have traded in a narrow range as if held in limbo by some great force. This has allowed people to think we were on sound footing as central banks across the world continued to print and pump out money chasing the "ever elusive growth" that always appears to be just around the corner. Recently some currencies have made multi-year highs or lows depending on the match-up .
Because of weak demand for goods and most of this money flowing into intangible investments inflation has not been a major problem, but the seeds for its future growth have been planted everywhere. John Maynard Keynes said By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
While there are not many Bond Vigilantes there are a slew of Currency Vigilantes and they are ready to make their presence known. Weakness in the value of the Yen, Pound, and Euro must not go unnoticed. More on why this may be a signal that currency trading is about to get very wild in the article below. Please note, this may also be sending a signal that the whole system is unstable and the stock market is about to drop like a stone.
http://brucewilds.blogspot.com/2014/09/caution-alert-currencies-may-get-wild.html
We've got bond vigilantes in the USA otherwise the dollar wouldn't be going through the roof.
Well, one could argue the positive divergence in 2011 was just as great, but saw no impact for several years. While you want to root for such ‘analysis’, given the extent of the artificial levitation, it’s clear that such exercises are at best mildly useless, as aside from algo-favorite moving averages, only intraday technicals have had any relevance since the early 2000s. Algos have arbitraged away such naïve forms of technical analysis, so it seems the good guys need new tools or the “see, any day now” mantra, even if a break comes, will have had no real predictive effect.
Sadly, I believe you are right.
YES. You bleed using this one market (equity) centered antiquated tech analysis. Even a green eys shade trader knows that you arbitrage across deformed market segments (bond, equities, commodities with Algos to pick some pennies.
FED software applications don't include those stocks.
Nope! No way...ain't buyin' it Mr. Durden. Obama said nothing of this during his recent press conference on the economy. Nice try though!
Remember: You can stick your head up butcher's ass to get a look at a T-bone, but... wait, no... uh... You can stick your head up your ass...uh, crap...just forget it.
all the kings printing couldn't keep humpty dumpty the pleb on the wall...
slipery slope has no footholds for the 90 plus percent when money is devalued and wages don't rise due to to many fucking people willing to do the task for the same or less; ie definition= desparation, i will suck your cock for free...
the people of great genes will rise up and dethrone the kings as they loose control; ie hots spots. even a military of greatness has an achiles tennon(dollar)...
No Ebola in Putin's Russia as yet...? No swine/bat/hedghog/manbearpig, etc., pandemics...? Some department somewhere at Langley is not on the job.