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One Of These Charts Is Not Like The Other

Tyler Durden's picture





 

Today's Sesame Street market moment is brought to you by the word "hope" and by the number '-0.025%'. For the last five months, Goldman notes that the US equity markets have rerated their economic growth view as hope remains for a future full of unicorns and faerie-fart-powered autos. However, the reality is that, as Goldman's macro-economic Swirlogram shows, that the data is no longer indicating expansion and in fact in December shifted into a 'slowdown' mode. Once again we are left, as we head into earnings season where headline numbers have been slashed to make the bar low for beats (but stocks have not re-rated yet), with a divergence between macro (and micro) reality and the nominal equity index implied reality that so many managers hope is true.

 

Hope... As equity market's nominal price indicates an upward re-rating of economic growth expectations...

 

And Reality... with the expansions phase ebbing and Goldman's macro tracker now slipping into the slowdown phase...

 

Source: Goldman

 


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Tue, 01/08/2013 - 10:27 | Link to Comment becky quick and...
becky quick and her beautiful mouth's picture

that second chart looks like a black hole.

Tue, 01/08/2013 - 10:30 | Link to Comment buzzsaw99
buzzsaw99's picture

it is lloyd blankfein's asshole

Tue, 01/08/2013 - 10:51 | Link to Comment Dick Buttkiss
Dick Buttkiss's picture

You mean it is Lloyd Blankfein.

Tue, 01/08/2013 - 11:08 | Link to Comment Manthong
Manthong's picture

The US is the Saudi Arabia of CNFF (compressed natural faerie farts).

Tue, 01/08/2013 - 14:10 | Link to Comment WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Or a drain, which seems appropriate.

Tue, 01/08/2013 - 10:36 | Link to Comment slaughterer
slaughterer's picture

I do not know about this recessionary swirlogram:

MON jiust beat massively

ATT jut announced record smart phone sales

NFLX is over $100 on more contracts with content providers

AMZN broke abover $260 on record 4Q sales.

Just sayin, the momo is there...

Tue, 01/08/2013 - 10:37 | Link to Comment buzzsaw99
buzzsaw99's picture

AMZN broke abover $260 on record 4Q sales. lulz lulz lulz

Tue, 01/08/2013 - 10:39 | Link to Comment BobPaulson
BobPaulson's picture

The apparent limit cycle there might just be a teeny little squiggle if youi plot the data going back further in time. One year of data would be easy to dismiss as seasonal variation.

Tue, 01/08/2013 - 10:28 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Spain to suffer Debt Haircuts

France to be downgraded

 

Greece to exit Euro - Drachmas coming

Tue, 01/08/2013 - 10:37 | Link to Comment Sudden Debt
Sudden Debt's picture

Any drunk will tell you that when you drink alcohol, you're fine untill your piss isn't yellow anymore.

Now for the greeks and spanish dudes... they're already pissing pure alcohol.

NO MORE DRIVING ON THE EUROPEAN HIGHWAY FOR THEM!

Tue, 01/08/2013 - 10:30 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

that second chart looks like a black hole.

 

It's a swirlogram......same thing.

Tue, 01/08/2013 - 10:39 | Link to Comment francis_sawyer
francis_sawyer's picture

It's a 'swirlie'... It'll be the last thing Tim Geithner sees before his head goes underwater...

Tue, 01/08/2013 - 10:29 | Link to Comment AccreditedEYE
AccreditedEYE's picture

Close your eyes, hold your breath, don't read any truth or untruth, just.... Buy The DIP. You buy it... or, it buys you.

Tue, 01/08/2013 - 10:30 | Link to Comment tooriskytoinvest
tooriskytoinvest's picture

TRADER ALERT: Powerful "Indicators" Suggest A Stock Market Selloff And Inflation Could Be Just Around The Corner And More Market Experts Start Getting Worried. NOW The Fed Is Showing Financial Fear!

http://investmentwatchblog.com/trader-alert-powerful-indicators-suggest-...

Tue, 01/08/2013 - 10:31 | Link to Comment AccreditedEYE
AccreditedEYE's picture

1st of all, I seriously doubt it. 2nd, even IF it were true, I'd buy it and buy it BIG.

Tue, 01/08/2013 - 10:33 | Link to Comment buzzsaw99
buzzsaw99's picture

+1

Tue, 01/08/2013 - 10:34 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Which one doesn't belong in line?

<Recovering Imus fan from way back in the 70's.>

Tue, 01/08/2013 - 10:52 | Link to Comment smlbizman
smlbizman's picture

i have never cared for imus, but the other day my channel wheel landed on his channel and i thiught it was an old woman sitting there...his her was all curled and poofed out and his face has doubled in size...it was scary....and i base this on i have not seen this guys face for 2yrs maybe...

Tue, 01/08/2013 - 11:42 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I have not bothered with Imus in well over 5 years. But the bloated face might have something to do with his Prostate cancer and its treatment.

Tue, 01/08/2013 - 10:35 | Link to Comment Itch
Itch's picture

Anyone ever wonder how rumors seem to be denied about 2 seconds after weak longs have been flushed? Its a funny old world.

Tue, 01/08/2013 - 10:38 | Link to Comment Blackfox
Blackfox's picture

Offtopic but crazy ......

Pregnant South African women are deliberately drinking large quantities of alcohol to harm their unborn babies in a bid to earn more welfare money, it has been claimed.
Expectant mothers living in the Eastern Cape, one of the poorest areas in South Africa, are bingeing on a 'moonshine' type drink which contains battery acid - with some drinking up to five and six bottles a day.
It has been reported they do it to claim a disability benefit from the government - using their disabled children as a source of income.

http://www.dailymail.co.uk/news/article-2258589/Horrifying-story-pregnant-South-Africans-deliberately-binge-drinking--welfare-babies-harm.html

Words fail me.

Tue, 01/08/2013 - 10:43 | Link to Comment Dr. Engali
Dr. Engali's picture

Equity markets....funny.  So the squid  thinks equities are over valued...we know what that means.

Tue, 01/08/2013 - 11:11 | Link to Comment NoDebt
NoDebt's picture

Wait a minute.  It takes only one year to go full circle around the "swirlie"?  That's one damned fast business cycle.

Tue, 01/08/2013 - 11:20 | Link to Comment AccreditedEYE
AccreditedEYE's picture

Actually, the Fed has done away with the business cycle. Goldman had to invent this to make muppets think it is actually concerned about a drop in risk assets AND that a business cycle even exists. It's not and it doesn't.  Here's a dip... please excuse me, I have to go buy it.

Tue, 01/08/2013 - 11:56 | Link to Comment AgAu_man
AgAu_man's picture

Maybe it will improve if/when you include the economic and health impact of the seawater desalination plant for the San Diego area, that an 'raeli company was awarded to build.

Tue, 01/08/2013 - 11:59 | Link to Comment TrumpXVI
TrumpXVI's picture

Swirlogram; an apt allegory for the flushing toilet bowl that is our economy.

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