World Mania

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The bug-eyed ascent in equities just over the past couple of weeks has been jaw-dropping, and is instantly recognizable by way of the heavily-traded ETF symbol EFA, which represents worldwide equities sans North America:

This instrument has roared 8% in a matter of just a couple of weeks. I want to emphasize how swiftly we have ascended to the major topping pattern I’ve highlighted in pink: