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SPX EBITDA GP <go>

Tyler Durden's picture




 

Luckily nobody in the New Abnormal cares about actual cash flow. Because if they did they would be carefully looking at the YoY line to see if it posted the first dip since Lehman.

We have taken some creative liberties with the title. Technically it is SPX Index GP <go> then change Last Price in the drop down to EBITDA.

 

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Thu, 07/11/2013 - 18:17 | 3743099 Obchelli
Obchelli's picture

Bullish,

 

Since Lehman Chairsatan learned a lot - now he knows everything can be fixed with printing MOAR

 

Or just simple Jawboning will do as yesterday - do not need to do anything just fart out of his mouth

Thu, 07/11/2013 - 19:00 | 3743226 Cult_of_Reason
Cult_of_Reason's picture

This video provides a warning of impending stock market crash beginning in mid 2013.

http://www.youtube.com/watch?v=pDUP2ZcdZ3k

Fri, 07/12/2013 - 06:55 | 3744360 johngerard
johngerard's picture

The longed-for Zerohedge mega crash isn't going to happen.

The Fed is not going to stop printing. Repeat - it is not going to stop. Trillions more is going to go into QE. You can cite every piece of technical analysis under the sun - it doesn't mean shit when the Fed is printing, which is set to continue FOR YEARS TO COME.

And they can buy stocks, property, commodities - anything they want. There is nothing the Fed cannot buy.

Sure, we'll have pull backs. So what? 7% down? Who gives a flying fuck? The Fed will occasionally like to appear to be regaining some sort of 'credibility', for want of a better word, like two weeks ago. 'Taper' this, 'foot off the accelerator' that. It's all white noise. It's BTFD all the way. Dow 30,000 is coming.

Many people writing on here are emotionally wedded to a mega crash and are losing money week after week with the fondest hope the fantasy will come true. In the real world, it would. But we're not living in the real world any more. All that matters is whether or not the Fed continues printing. All the other bullshit that sends the markets up and down is just BTFD window dressing for the plebs. If you bought stocks in March '09 and walked away, you are offically the smartest c*nt on the planet.

You need to punch yourselves in the face and wake up. Are you trading to make money, or trading to try and prove some moral/intellectual point? Because if it's the latter, you're fucked. Bernanke/Wall Street have an ice pick in your balls, and they're not taking it out.

Thu, 07/11/2013 - 18:23 | 3743116 Rainman
Rainman's picture

....bbut stawks are at all time highs .... and this smells like another turd hitting the punchbowl

Thu, 07/11/2013 - 18:23 | 3743117 Cursive
Cursive's picture

Why does this chart show that EBITDA peak was in 2008?  Surely it's higher now, right?  Surely, this "recovery" has us in a better place than 2008.  The SPX says so.

Thu, 07/11/2013 - 19:47 | 3743342 NoDebt
NoDebt's picture

Yeah, really.  Because if that was true, then the E in the P/E ratio would, in reality, be smaller than what is reported.  Which would mean that the real P/E being paid for stocks is much higher than the ~17:1 that is oft-quoted in the MSM.

And we all know that can't be happening.

Thu, 07/11/2013 - 18:29 | 3743133 fonzannoon
fonzannoon's picture

It does not matter. We have gone full retard.

Doc Engali's belly button lint has been designated Tier 3 collateral.

Thu, 07/11/2013 - 18:47 | 3743191 Cursive
Cursive's picture

@fonzanoon

And, what, the toe jam is just chopped liver?

Thu, 07/11/2013 - 19:22 | 3743266 ebworthen
ebworthen's picture

CALPERS is buying that with the shares of AAPL sold at $410/ bought at $610.

Thu, 07/11/2013 - 18:33 | 3743138 Bear
Bear's picture

We have reached 777 stall speed ... watch for rocks below

Thu, 07/11/2013 - 18:39 | 3743158 HaroldWang
HaroldWang's picture

And when we crash land, everyone will blame each other contrary to all the video evidence to the contrary. Life imitates whatever it is the Fed is doing and vice versa

Thu, 07/11/2013 - 18:52 | 3743206 fxjunkie
fxjunkie's picture

Chart would be alout better if it included the evolution of SPX last price for the same time period. 

Thu, 07/11/2013 - 19:05 | 3743233 buzzsaw99
buzzsaw99's picture

today's ramp probably cost about three fiddy

Thu, 07/11/2013 - 19:34 | 3743309 BurningBetty
BurningBetty's picture

forget it...this has nothing to do with fundamentals. There is no bull or bear market anymore. The only thing left is central planning.

Thu, 07/11/2013 - 19:55 | 3743375 chump666
chump666's picture

It's quite amusing actually, China is jawboning and bluntly taking down it's own markets.  Opposite to the Bernanke and the Fed policies.  So they should be very nervous, said it before, but China could take the Fed apart, cause a massive backlash against Bernanke and the Fed.  it's an easy play, mess with the yield curve, cause the interest payments on USTs to drop.  Freak out Obama.  All volatility, bonds and Asian indexes, started in June when Japan got a beat down. 

I'm just watching China, their GDP print comes out soon, i think Monday.  For the first time in their commie history they may release a bad print.

 

Thu, 07/11/2013 - 23:28 | 3743937 chump666
chump666's picture

Fascinating:

*Lou Jiwei China Fin/minister downgraded China's growth target from 7.5% in 2013 to 7.


 

Thu, 07/11/2013 - 21:11 | 3743584 omi
omi's picture

EBITDA is an irrelevant measure.

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