Juggling Dynamite

The Wilshire 5000 is generally seen as the best measure of the entire U.S. stock market. The below chart plots the broad Wilshire 5000 (brown) and the S&P 500 (blue), today near all time highs, as against the Canadian Venture Exchange (red) since 2005. While historically correlated, the disconnect the past 3 years since Q’Ever was promised has been extreme.
Today at 838, the Venture has confirmed its secular bear promise, mean reverting below the most recent June 2013 low at 859 and now within striking distance of the 678 bear market bottom of 2009.

For the broad markets to recouple their usual positive correlation with the Venture and close this gap, the implied downside is about -57% from present highs.

Easier done than most would imagine…

Former Boston Celtics basketball player Antoine Walker explains how he lost $110 million. Here is a direct video link.

Geithner has testified to Congress on these matters in the past, but cross-examination by highly skilled opposing counsel in this law suit is more likely to ferret out some truth about what happened, than a finance-deferential room of politicians…

Bloomberg’s Peter Cook recaps former U.S. Treasury Secretary Timothy Geithner’s testimony on the government’s bailout of AIG as he prepares to return to the stand for a second day. Here is a direct video link.