[1]Bad breadth, flaccid flow, and bonds bid - what could possibly go wrong?
The negative divergences are mounting...
Breadth is not at all supportive...
[3]
h/t Brad Wishak of NewEdge
"Smart money" Flow is decidely the wrong way...
[4]
And bonds are well bid...
[5]
BTFWTF - it could only be a non-economic indiscriminate buyer of last resort... the desperate to shrink their float and flatter EPS - corporate buybacks.
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/9825
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/05-overflow/20140529_WTF1.png
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/05-overflow/20140529_WTF2.png
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/05-overflow/20140529_WTF3.png