Von Greyerz: "We Are Now In The Frightening Endgame"

"Stock investors are rejoicing about stock markets making new highs in many countries, totally oblivious of the risks or the reasons...The gullibility of people today is exacerbated by the power of the internet and social media."

The ECB's Impact On The Bond Market In One Chart

The simplest visual summary of just how the ECB's corporate bond purchases have "impacted" the market since the corporate bond buying program was announced in March of 2016, here is just one chart from JPM.

These Are The 10 Most Crowded Long And Short Trades According To UBS

According to UBS, these are the Top 10 most crowded long and short trades, and not surprisingly, it's all tech among the top 5 longs, which include Google, Alibaba, Amazon (a jump from 8th spot as of the last ranking), Facebook and Visa (with AAPL in the 6th spot), while on the short side one name stands out: Tesla in the perennial top slot

America 2017 = France 1789

"The floundering non-elite masses have not learned the harsh lesson of our time that the virtual is not an adequate substitute for the authentic, while the elites who create all this vicious crap spend millions to consort face-to-face in the Hamptons and Martha’s Vineyard telling each other how wonderful they are for providing all the artificial social programming and glitzy hardware for their paying customers."