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Just Two Charts
"Earnings" matter... until they don't. What's wrong with these two charts?
EBITDA -7% from previous peak...
S&P 500 nominal price +15% from previous peak...
Still think stocks are "cheap" compared to the last cycle?
Charts: Bloomberg
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Two Charts. One QEinfinity Golden Cup.
One QEinfinity Golden (Shower) Cup.
With bleach, borax, and brighteners!
yes I agree, You cannot have your cake and eat it too.
But the overall chart of the market is looking insanely good. Did you know in the last 50 years DECEMBER was the best performing month of the year, yes!
Have a look at the monthly chart of the SPX here => bit.ly/1bocbZf
This is a good chart, and shows that in 2013 the BEARS got hammered. There was only 2 red months since JAN. WOW! just WOW!
We're running out of DA and can't replenish it.
T growing like a weed.
E nowhere to be found.
They don't matter until credit starts to dry up - then they matter. As long as the Fed's running the printers full tilt the delusion can continue, and who cares about multiples.
Al, have you seen this?: http://www.youtube.com/watch?v=q8hu5gQbY64
That's great!
"They don't matter until credit starts to dry up - then they matter. As long as the Fed's running the printers full tilt the delusion can continue, and who cares about multiples."
Or not. Quhat if China lands a contingent of troops on the Dialou islands? All that money that has no where to go but the stock market, could suddenly be running elsewhere.
Sweet. Low interest rates for companies to borrow and buy back their own stock. Now they have less shares. They generate less revenue but since they have less shares n interest expense they high jump over lowered earning expectations. Why did'nt we think of that.
Well.. I'd think that getting away from Wall Street isn't necessarily a bad idea (gets them out from under the thumnbs of hedge fund managers). Watch as more and more go "private."
Wall Street & Fed going down...
"Why did'nt we think of that."
Yep, that's what I missed. I knew the demand would never be their. I missed the refi's and buybacks.
So do REVENUES matter or PRICE TO SALES or EBITA? In a bubble nothing matters. Your looking at objective data and making rational conclusions. But bubbles are irrational, so they fucking don't matter.
Revenues definitely don't matter. What seems obvious from those two charts is that with All this Fed/ juice, the EBITDA can't hit a manipulated All Time High like the S& P 500, Which Clearly screams we are in a Bubble.
Yes they do. People can ignore reality and pretend revenue doesn't matter, but they won't be able to ignore the consequences of making that mistake (ignoring reality).
Google: cafepress cursing fish
BTC 690!!! get em while they cheap!!! keep stackin!
690 !! I don't know...I feel like you're driving a hard bargain.
hey.. tried to help out my fellow ZH'ers.. back over $800 again - snooze ya lose
and of course sold over $800... not hold, unless you are fonestar or something
QE and the fucking FED.
Fucking backstop to reward the malfeasant banks.
EBITDA means Earnings Before Interest, Taxes and Depreciation. Interest rates are much much lower now, so GAAP earnings are actually higher than in 2007.
BTC back to 350
Shut up. Stop thinking. BTFD. BTFATH. Get it, got it, good.
BTC ANALYSIS
http://image-store.slidesharecdn.com/2afb430a-5f2a-11e3-bc49-22000a9394c4-original.jpg
There's nothing wrong with the charts. Put up the one with the S&P against the Fed balance sheet. That's all you need to know.
Still think stocks are "cheap" compared to the last cycle?
But what if through the magic of miracle accounting and tax credits (courtesy of you and me) EAITDA just happens to be + 10%!! LOL.
The FED pumping so much money into the system to prevent collapse is poisoning the markets with poor investments if there is any good ones to invest in and the return on this investment starts collapsing through over supply of liquidity with nowhere for it to go!
This is my blunt in your face, not technical reasoning.
Invest 100 dollars and get a 10 dollar return at 10%
Invest 10 dollars and get 10 dollars return thats 100%!
What we got is 1000 dollar investments the fixed 10 dollar return or very little change giving a 1% return.
Did I get that right?