Wednesday, October 10, 2012

Liquidation Sale: Everything Must Go

Guess what made a new all time high today on massive volume...

Not Gold which made its all time high last year and is rolling over again as I write...

Not Apple which peaked on the day of the iPhoney 5 debut and has been falling hard ever since...

Not Cummins or Alcoa, both of which crapped on themselves yesterday, by confirming that the global economy is indeed slowing

Not Health Care stocks which were the leading sector this past year and have been going up relentlessly since Obamacare was signed into law (reversing only in the past 3 days)

Not Transportation stocks which have been ominously diverging from the Dow Industrials for months now and have carved out a virtually identical fractal pattern to the one at the 2007 all time top (see below)

Yes, it's WalMart, the world's greatest Ponzi beneficiary, once again leading the way...


Bonus Chart: