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2013 Earnings: Just Insert Hockeystick
We have discussed various incarnations of market-reality separation from underlying-reality but none had quite the unbelievability of the following chart of earnings-growth expectations currently foreseen by the consensus of linear-extrapolaters and hockey-stickers known as the sell-side. Behold - hope, defined...
2013 Consensus earnings growth is +27% YoY...!
all done with 6% YoY top-line growth (which by itself is somewhat incredible given its triple GDP growth expectations for the year)...
and at the same time it appears pretty clear that EBIT Margins have rolled over...
Meanwhile, BTFD.
Charts: Goldman Sachs
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What could possibly go wrong?
LOL! The Tyler(s) have such little faith. Yeah - great sales and EPS from companies this summer when gas is $4.50 a gallon and Calif will probably be $5.50. Food prices will be just as bad.
A very partially-lucid Greenspan was rumored show up on a guest appearance on cnBSc recently literally claiming that "stocks can't decline."
Look at Greenspan's record of accuracy in his past predictions both pre and post his appointment to the Fed.
Caveat Emptor on BuyingTFanything Greenspan is selling.
Tilt your head to the left and all the graphs show a distinct unicorn pattern.
Subliminal messaging?
Bend forward a little if you desire to have that unicorn pattern shoved up your ass... [not you PERSONALLY, Rocky, I'm speaking to the flock]...
Just stand a little bit closer,,,
http://www.dailymail.co.uk/news/article-2262869/Couple-attacked-rhinos-Photo-shows-Chantal-Beyer-moments-gored-rhinoceros.html
Rocky- Are there any skittles coming out the unicorns ass??? I like skittles!!!
Greenspan will have his 'meeting' with the 'Law of Truth & Justice' soon enough. He will wish he never sought the approval of the ' power of man'....nor sought security in it. Only 'Truth' offers complete 'security'...
Greenscam actually died 3 years ago- what you see is a Zombie Greenscam- similiar to a Zombie Bank- kept alive with constant transfusions.
Hey, this is the only way you can still say that stocks are cheap! And never mind if you have to drop those numbers in half two weeks before earnings come out to ensure you get beats.
All about the benchmark and expectations.
Raise minimum wage by 25% and watch sales expectations soar.
Of course, nobody in the adminstration understands that every 4th person who works at a federal minimum wage job will be fired, which is always awesome for end demand.
The BLS is doing earnings estimates now I see.
I don't get it-every store I go to is like a ghost town and even in places like Target people are only buying groceries
the new normal is finally here.
Gas to $50/gallon in a few weeks.
But no need to worry.
Homeland security has several hundred thousand rounds of "hollow point" ammunition to "protect you"
No need to panic.
At least not until you hear main stream media tell you not to panic.
When they do then for sure it'll be time to panic.
Several hundred thousand rounds? That's one way to put it. 1.2 billion rounds is another way. Your way sounds less diabolical. My way is more precise.
They'll line up the federal employees shoulder to shoulder along the Atlantic, armed to the teeth, and fire a wall of lead into the flyover states until they run out of lead. Could go on for decades.
protect yourself with .009Meter Pb.
protect yourself with .009Meter Pb.
I know some people who have relatives or friends or others who work in these types of stores and restaurants. They are cutting to bare bones. The Obummer voters get free stuff or are govt unionized workers. No pain for them.
Yet...
Didn't the WalMart CFO say sales are worst in his memory?
That's funny you post that. Last Sat evening around 6:30pm I was out with my wife and we swung by Target and I commented that I had never seen a Target that empty...ever. As you said most were shopping for groceries. There were literally more people at the checkout line than rest of the store combined partially due to fact they only had 3 cashiers. Admittedly, I don't go to retail stores often or even out Sat much...and maybe being Valentines weekend was part of it... but to me the lack of traffic was stunning.
Class warfare.
We're losing.
ditto, Keepers. I cannot believe how spooky the mall was this weekend despite the massive sales. JCP, Sears...even Macy's were pretty quiet. The smaller stores were totally empty excpet for American Eagle.
Ditto from Canada. The malls and department stores are practically deserted. Aisles are filled with racks of winter stuff when they should be rolling out spring stock. Even Wal-Mart is quiet. Consumer debt is one factor, but lousy selection is another. Quality is gone. New merchandise looks like it came from a dumpster. Everything is disposable.
We speculated that doors would start closing after last year's sales were tallied, but it hasn't happened yet. In this context, the 'hockey stick' allusion is appropros: maybe store operators are still stuck in the same state of denial witnessed years ago at the IPCC, with their infamous 'hockey stick' graph. Real estate professionals are another group apparently predisposed to ignoring the negative.
It doesn't matter as long as stocks keep going up. Greedscam said the only thing that matters is an ever-higher stock market.
...but they are buying online! That's why Amazon's profit is so high.
Turn over is high. Profit is not
at th end of the year we will have to have 400% growth to make up for neg growth all year...
here is an interesting article of how America could change its collective mindset :
23 Laws The US Should Adopt - Business Insider
TD once extolled the quality of the articles of ZH and labelled BI as a "tabloid".
I don't doubt that broad brush categorisation of both blog sites, but BI does have a few thought provoking articles; even if they are there are ephemeral stimulants to intellectualise its tabloid format consumption.
Just saying, lightning can fall from all directions like the enlightenment!
Bus Insider = automatic red arrow.
Alright hippie gimme some of what u smokin
damn pessimists! There's not much chance avoiding doom, but that's a good list anyway.
Business Insider is fluffy soft shit
Earnings? What do earnings have to do with nominal stock valuations anymore? The FED (and other CBs around the world) control the market now. Earnings could fall off a cliff and the S&P would probably rip another few hundred points higher.
Yet the Eq Markets continue the melt up....there is no stock for sale.
Well, on Bizarro World, Htrae, this indicates growth and huge bonuses hence coming.
It always ends up (elbows and assholes)<>
They are going to have the IRS open up their accounting standards to include fraud this year. The banksters are going to run this one to the end. All those hollow points for the Mother Land aren't for nothing.
The bankers and central banks will also bow down to the 'Law of Truth & Justice'. It is coming. Be patient my friend of Self-Knowledge....
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
Lord Acton
Read more at http://www.brainyquote.com/quotes/quotes/l/lordacton409908.html#U6lQkWtozK1A78Ow.99
'Better then expected,' I'd say.
by April GS will lay off people, at least in london
Can you verify your comment?
It's bullish, the market loves layoffs.
My expectation for 2014 is that I'm finally going to set up shop with a Victoria Secret's model who will keep me in my underwear all day.
Subject to downward revision.
I can't wait for this shit to crash. Then the MSM will say "oh noes, who'd coulda seen it coming!"
Can't wait until they eat a bag of cold dicks.
Why should it ever crash? I mean it isn't like it's a real maerket or anything.
I think you need to study zombie life. Then it will all make sense.
Exactly. The entire stock market is what, 30 banks? All trading back and forth from exchange to exchange, sunup to sunup around the world. It may never crash, unless we have a global power outage.
They'll blame it on the republicans for cutting govt. spending when it all comes crashing down. Its pre-planned, baked in already.
You can't wait for this shit to crash?
Are you out of your mind? Or is your life just so bad that you would like the world to join you in your misery?
You know what crash means don't you? Suffering on an epic scale.
And you are wishing for this? Wow.
accounting gimmicks, smoke, and mirrors
+ one buzz
Printing presses are bullish for stocks - period - think Zimbabwe.
The Fed and the Treasury do not care about anything other than the collateral backstopping the loans held by the NY Money Center Banks. Thus they will reflate everything in order to see the underlying collateral get hockey-sticked back above impairment levels. They have to skate the real estate market to new highs in order to repair the balance sheets of the banks and U.S. homeowners - everyone else can swing. Seniors living on fixed incomes and non-homeowners looking to buy a starter home are fucked. In fact, all responsible citizens that pay their bills on time and SAVE are fucked. Which is why stocks are going to parabolic new highs....
NEVER underestimate the replacement power of equities within an inflationary Wiemar-like spiral. Short cash and cash equivalents at all costs.
It's pretty simple. Bank holds a $300,000 mortgage on a house worth $200,000. Write it down today and lose $100,000. Get Ben to jack up inflation and make the house worth $300,000 and then dump it in some bundled derivative at full price. Bonus time baby!
Today I made Kale soup in my West Bend slow cooker, made in Wisconsin circa 1982.
I'm certain of the following: it is now made in China, the factory in Wisconsin a dlapidated hangout for unemployed teens, the people who used to work there are struggling to pay untenable healthcare costs, and that it is NOT 1982 anymore in the U.S.S.A.
We need some "SOUP" ebbie.
Obama, Bernanke and the Welcome more people on Food Stamps and welfare. More new voters to keep the socialistic agenda.
@ ebworthen:
Not all is lost:
http://www.weemployamerica.com/2012/09/26/west-bend-company-trying-to-ke...
The rest of the mammon seeking corporate scumbags would rather just rename it West Bendover rather than try to bring manufacturing stateside. I believe we should tax all American charted companies on all profits, foreign or domestic. I prime example is GE. Pull that scumbag corporations license to do business in the US and see how fast their tune changes!! This goes doubly for the bottom feeding scum sucking banks.
True. Been there, done that myself when after automating the living crap out of our facility, it was still moved to a "low cost" country.
Kind of funny looking up some of the "management team" on LinkedIn, for obviously it is not only Ivory Soap that floats.
Thanks for that. I know there are good people out there trying, it is just that our crony capitalist structure is parasitic; starting with management sharks and all the way down the food chain with the lawyer lampreys and politician krill sacrificing the average person and a living wage for their greedy maws.
Colonel Klink and Uver Vandal have it right; greed has supplanted honest work.
If you don't mind, indulge me with that Kale Soup Recipe. I have a garden full of that stuff!
Cape Kale Soup
1 large onion chopped
1/2 tsp. crushed garlic
2 tsp. vegetable oil
1/2 tsp. crushed hot peppers
2 large carrots diced into coins ~1/8" thick
1 large red-skinned potato, washed and cut into 1" cubes
3 Cups water
2 15-1/2 oz. can kidney beans
1 16 oz. can whole or diced tomatoes (cut up the whole tomatoes)
1 16 oz. can chopped kale with liquid, 1pkg. frozen, or 9 oz. fresh chopped (fresh is best)
1/4 cup vinegar (cider or white - I prefer cider)
1 Tbsp. liquid smoke
In a large saucepan, sauté onion and garlic in oil. Ad hot peppers, carrots potato, water, and kidney beans. Add tomatoes and their juice to the soup. Add Kale and simmer for about 45 minutes or until the carrots and potatoes are soft. Just before serving, add vinegar and liquid smoke. Add more garlic and hot peppers or hot sauce to your taste before serving.
Be careful with the vinegar, start with 1/8 cup.
You can add more kale if fresh - the best way to make it. I usually use the whole bunch I buy at the grocery store. Cut the fibrous stems out of the center and chop the kale up some. You don't have to cut it up too fine as it becomes very soft after cooking.
You can add more carrots too without hurting it.
Low fat, no meat, but the liquid smoke and vinegar makes it taste like it has meat in it. Very healthy mix of stuff in here, pig out without worry.
Killer Thx!
Kale is one of the top 2 green vegetables to eat. The other being brocoli. I would argue its number 1. One serving has more vitaminc then 95% of the vitamin c contained foods AND it also has more vitamin A then 95% of the vitamin A contained foods! Kale greens are a rare breed indeed! They are also loaded with tons of phyto-chemical micronutrients that your body needs just as much, if not more, then your standard requirements for standard minerals and vitamins!
Red onions are another superfood that is underated. They do not have high vitamin and mineral content, but they are the only food that has the organo sulfite compounds our bodies need to prevent disease and cancer. Look it up. Watch Dr. Marc Furhman's presentation on PBS titled 'Immunity Solution' The man is a medical saint!
Thank you for that awesome recipe!
West Bend? Read about that in a western mythology text I think.
Lets have some fun
Guthrie Govan
http://www.youtube.com/watch?v=7JPPTzQUKdk
Like I said in a previous post, many sell-side analysts will have their 'cummupance' with the 'Law of Truth & Justice and lose some much needed muscle (brain) and bone (skull)-mass when the fraud of greed is purged from the consciousness of the Holy.....mock me if you will, but the Master will have 'His' way before this is over. Woe to those who worship at the altar of worldliness. 'Truth and Justice' is an Eternal Law and that Law acts in Love.....This is a tenet of most majorv religious belief, and although not bound by the creed of organized religion, and in direct negation of many, Truth acts and that action is not only Just, but Holy and Religious in nature....
greensplat is a heavy-eyelidded gargoyle-faced "jew".
But did you know that he loves jazz and used to throw a great curveball?
That ugly kike beard bitch of his (andrea mitchell) looks like she got her jew face smashed with a frying pan.
(meant as a reply to LOOSELEE)
He could be a Saudi and you'd get the same outcome. They have their rules ya know.
The Israeli General's Son - forward this to the world http://www.youtube.com/watch?feature=player_embedded&v=TOaxAckFCuQ
Uh-oh. We're dun goofed.
BTFD! Can't get any worse! LOL
Given the payroll tax hike, much higher gasoline prices, a likely sequester, and a reasonable chance that the Fed will start slowing down the QE gravy train, this makes no sense.
What's this shit about "payroll tax"?
It is the "Social Security Tax".
when you get some time, check out the definition of "coup d'etat". i really wonder if this is what has happened to the u.s.a.
Silent but deadly. Like a quiet fart.
I think that you are correct.
The US is being run by the "The Too Big To Fail Banks (TBTFB)".
They let us play with social issues like "Gay Rights" and "Abortion".
But the economy is now centrally planned and controlled by the TBTFB.
When in doubt, do as the dot.com 2.0 companies do and only report adjusted EBITDA numbers and have the underwriters get the collusive media to only write articles touting how great earnings are (no matter how bad they suck).
It provides great cover for the crooked policy vehicle, and wall street/ politician fraud device, once known as the stock market.
Yeah it's a hockey stick alright. And the middle class is the puck. AND Bernanke is about to take a slap shot. AND. . .
'HE HIT THE POST! HE HIT THE F#CKIN' POST!'
Another start to a week where ZH reports one thing and the MSM reports otherwise.
MSM is just keeping the sheeple informed.
Let's see if we get our start to a crash this week or a another week up - that would be 8 in a row.
The Israeli General's Son - forward this to the world http://www.youtube.com/watch?feature=player_embedded&v=TOaxAckFCuQ
R you saying that the supply side meme in total deregulation is now hitting an asymptote as demand disappears as the Wal mart razmataz now makes apparently clear.
King Consumer on food stamps and w/O the credit card pump now is facing dire consumption withdrawal pangs; less bangs per buck on supermall spends?
Wow, wow, wow, we'll have to change that old supply side model that churns out stuff like Ipads/Iphones that nobody buys!