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WTF Charts Of The Day: Good, Bad, & Ugly

Tyler Durden's picture




 

Sometimes you just have to laugh...

 

The Good - faith in this chart as being in anyway sustainable seems to beggar belief...

 

The Bad - especially as markets are already well into the 'Euphoric' stage of the cycle...

 

The Ugly - but firms have never (ever ever ever) been so downbeat in their guidance for the future...

 

So - you BTAFTH? The Shell game continues...

 

Source: Tobias Levkovich of Citi

 

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Thu, 12/12/2013 - 16:42 | 4240840 Headbanger
Headbanger's picture

But it's different this time

Thu, 12/12/2013 - 16:48 | 4240860 Jannn
Thu, 12/12/2013 - 16:50 | 4240873 slotmouth
slotmouth's picture

The only chart that matters is the EUR/YEN.  This is like the first thing you learn in business school.

Thu, 12/12/2013 - 17:16 | 4240987 Kayman
Kayman's picture

That's some chart. Japan obviously doesn't want to play fair. They're deadly serious about destroying the yen.

Thu, 12/12/2013 - 17:50 | 4241126 CounterPartyVice
CounterPartyVice's picture

More negative pre-announcements means more benyellen-bucks right? Let's buy more twitta with that ...

Thu, 12/12/2013 - 21:35 | 4241858 NotApplicable
NotApplicable's picture

Welcome to the murder of capitalism.
Got NWO?

Thu, 12/12/2013 - 17:51 | 4241127 nuclearsquid
nuclearsquid's picture

I think i would rather see a chart of corporate EBITDA.  Might be a little more telling.

 

Thu, 12/12/2013 - 18:01 | 4241152 MollyHacker
MollyHacker's picture

China's not going anywhere, they need to pull the plug and clean up their act!

Thu, 12/12/2013 - 16:47 | 4240866 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Be like a lemming until the stream comes along. Run the opposite way FAST AS POSSIBLE!!

Thu, 12/12/2013 - 16:49 | 4240870 JPM Hater001
JPM Hater001's picture

I have 20 oz silver this time is very different but I will warn you last time I put billion on the line Slaughterer went 0/2 so dont get itchy finger unless you are considering everything...

Thu, 12/12/2013 - 16:55 | 4240898 Headbanger
Headbanger's picture

Yeah, I waste a lot of ammo like that.

Thu, 12/12/2013 - 19:35 | 4241532 Crash Overide
Crash Overide's picture

What Headbanger's avatar said... :)

Thu, 12/12/2013 - 16:46 | 4240849 sockratte
sockratte's picture

new aths coming. so buy the fucking dip. ;)

Thu, 12/12/2013 - 16:46 | 4240850 wisehiney
wisehiney's picture

Speaking of shell games, biggest bunch of pussies ever........

http://blogs.marketwatch.com/themargin/2013/12/12/baseball-moves-to-ban-home-plate-collisions-injury-and-investment-risk-cited/?mod=MW_latest_news

That's ok though, I quit watching when asshole dude spit it the umpires face and got away with it.

 

Thu, 12/12/2013 - 16:46 | 4240851 ParkAveFlasher
ParkAveFlasher's picture

"I'm feeling very euphoric, not quite as euphoric as yesterday, but still pretty euphoric." - some guy on Kunstler's show ca. 1999, spoken without a trace of irony

Thu, 12/12/2013 - 16:47 | 4240869 sunny
sunny's picture

If only any of the bad news, ugly charts mattered.  POMO + ZIRP>common sense & reality

sunny

 

Thu, 12/12/2013 - 16:48 | 4240872 TrustWho
TrustWho's picture

You can only cut R&D to zero. You can only cut capital investment to zero. You can only cut employees to a point. 

With flat sales since 2008, fake profit growth can only last so long. 

Thu, 12/12/2013 - 18:56 | 4241395 forwardho
forwardho's picture

Indeed, but so long has been going on sooooo long.

Thu, 12/12/2013 - 21:37 | 4241867 NotApplicable
NotApplicable's picture

These are the days of the Full-Retard.

Thu, 12/12/2013 - 16:50 | 4240874 Oldwood
Oldwood's picture

It always gets a little depressing at closing time and the lights start coming on. Those beauties in the corner that your drucken eye was earlier oggling, now appear to be cross dressers with a definitive four oclock shadow. The party is over, its as good as it gets and now that the lights are on we must reconcile ourselves to poor choices made in a deliberately darkened room while being served cheap spirits of delusion. And the hangover is going to be a bitch!

Thu, 12/12/2013 - 16:59 | 4240928 Headbanger
Headbanger's picture

Wow dude... That's deep man...

Thu, 12/12/2013 - 17:09 | 4240959 Oldwood
Oldwood's picture

Flashbacks from my yute.

Thu, 12/12/2013 - 20:24 | 4241664 Pareto
Pareto's picture

"A restless eye, across a weary room......a glazed look, and I was on the road to ruin."

Thu, 12/12/2013 - 17:44 | 4240881 Rainman
Rainman's picture

In this world there are two kinds of people, my friend....those who come through the door and those who come through the Fed window.

                                   Tuco         

Thu, 12/12/2013 - 16:51 | 4240886 Dr. Engali
Dr. Engali's picture

In another WTF moment, it looks like the director who released Zero's long form birth certificate met the same fate as seal team six and the Sandy Hook FBI agents.

 

http://www.prisonplanet.com/director-who-released-obama-birth-certificat...

Thu, 12/12/2013 - 17:05 | 4240940 WOAR
WOAR's picture

I always question that. Flying is the safest way to travel, and yet you always hear about high-profile people dying in helicopter and airplane accidents. And it's ALWAYS high profile people.

Thu, 12/12/2013 - 17:19 | 4240997 Rainman
Rainman's picture

Just another Cessna coincidence I guess...these people like hot tubs too.

Thu, 12/12/2013 - 17:27 | 4241028 RobD
RobD's picture

Hey Doc, what's the story about the Sandy Hook FBI agents?

Thu, 12/12/2013 - 17:43 | 4241094 cossack55
cossack55's picture

Doc may have confused it with the 2 Feebs involved in the Boston pressure cooker incident who fell out of a helicopter.

Thu, 12/12/2013 - 17:46 | 4241115 Dr. Engali
Dr. Engali's picture

You're right. Too many false flags to keep them all straight.

Thu, 12/12/2013 - 19:01 | 4241415 lakecity55
lakecity55's picture

Yes, dead after shooting an unarmed person of interest about 15 times in the case; in Florida.

Standard procedure.

Thu, 12/12/2013 - 17:47 | 4241119 Yen Cross
Yen Cross's picture

   Is 'Cessna Grand Caravan' fly by wire?

Thu, 12/12/2013 - 18:46 | 4241342 Callz d Ballz
Callz d Ballz's picture

No, it has the G1000 glass cockpits now but cable controls.

Thu, 12/12/2013 - 18:59 | 4241412 lakecity55
lakecity55's picture

The plot thickens.

There appears to be a well-funded and long-term plan behind Mr Hoax and Chains...

Thu, 12/12/2013 - 19:13 | 4241469 LongBalls
LongBalls's picture

The Sheriffs posse getting to close?

Thu, 12/12/2013 - 17:07 | 4240897 Gringo Viejo
Gringo Viejo's picture

Seen the new Chris Christie Biop?

"12 Years A Slob"

Thu, 12/12/2013 - 16:56 | 4240902 MichiganMilitiaMan
MichiganMilitiaMan's picture

The euphoria always lasts just a bit longer than the hopium, just to suck the last few remaining sheeple into the ponzi.

Thu, 12/12/2013 - 16:59 | 4240917 The worst trader
The worst trader's picture

It amazeses me how the vxx gets hammered all day long then the market sells off so it doesnt look like theres anything to worry about. Fuck me again.

Thu, 12/12/2013 - 20:07 | 4241613 disabledvet
disabledvet's picture

Tobias "still short and being forced to cover" Lefkowicz. I would imagine he's still balls to wall long gold and silver too. Still calling in to London to get your fix? Great way to lose all your gold on account of "too much trading." At some point the Banker calls in the note and you'll forced to cover with the only collateral you have...namely all your gold "at a fixed amount of dollars." And just like Lehman Brothers "you'll never see that gold again." Good luck playing this equity market from the long side going forward from here.

Thu, 12/12/2013 - 17:18 | 4240932 ebworthen
ebworthen's picture

If it weren't for Corporations cutting employees, their hours and/or pay along with the FED giving them all the taxpayer money they can handle to buy back their own stock, bribe CONgress, and gamble in the equities casino - we might have a real economy and a functioning government.

Thu, 12/12/2013 - 17:29 | 4241044 Kayman
Kayman's picture

Take .gov and .bankster out of GDP and who is left to carry the can ?  I'm looking at you pal.

Thu, 12/12/2013 - 20:30 | 4241679 disabledvet
disabledvet's picture

There is a functioning "military/industrial complex." been saying for five years now "short this market at your own peril." http://www.youtube.com/watch?v=-u0GJdNu1Ds guess what...if you've been short this thing even in a correction of 40% you'll still be forced to cover all the way down because the sustained or cumulative losses plus with the truly massive amounts of leverage used to short "Great Depression 2.0" will mean you can't "wait out" any downturn. (the recovery thesis remains in tact.) the shorts have to pay out those dividends to the longs...dividends that are increasing...talk about being paid to wait. these clowns are being forced to sell their gold and silver no longer just to stay levered but to keep access to capital period to those "plain vanilla long portfolio." this results in a falling price and a "vicious circle" of short covering. same goes for the clowns wilding in the energy space i might add. If this "seasonality play" starts heading south (January thaw?) start forking over the dollars by the tens if not hundreds of billions to the liquidity providers. Interestingly one of those liquidity providers is the Government itself. (in the form of higher tax receipts.) Obviously they don't need to be told what generates recovery...namely turning a commodity into a value added product and "long only portfolio management." It's not like the oil folks can't complain about a "lack of war" nor that the military needs to be told about the importance of the means of production to their effort and sacrifice. Throw in Tesla to show anybody who notices superior vehicle propulsion can literally be built into vehicle design...well they don't call "Sun Power solar systems" for nothing. http://seekingalpha.com/symbol/spwr?source=search_general&s=spwr

Thu, 12/12/2013 - 17:25 | 4241021 HaroldWang
HaroldWang's picture

Even more companies warning today on next Q. It's amazing these idiots think SPX is fairly valued and will run well over 2k next year. Unreal.

Thu, 12/12/2013 - 20:46 | 4241718 disabledvet
disabledvet's picture

Markets need not go parabolic for a short to be forced to cover "at any price." the short pays the long the dividend as well as any difference in principle owed. If I'm Apple instead of doing a massive stock buyback i could double the dividend and absolutely obliterate the short sellers who now would have to pony up actual cash to maintain their short position. if you're a naked short you're gonna get "called" (literally and figuratively.) in other words if your "only" collateral is equity you could wind up being forced to turn it all over because you're over levered and have no "cash cushion." ironically this could happen even in a market downturn. (meaning the short thesis is finally correct.) in other words "there is always interest risk" (dividends have been rising for some time now)...so a long is paid to wait whereas a short must pay and either go short "something else" or be forced to go long to get some income. my money still remains that the shorts will have to run to Treasuries...for income and risk...even though those rates are still at "nosebleed" levels. God help you if instead of taper you get a QE 4. talk about a "flattener." that could drive interest rates on the long end right back to the record lows of last year in a very short period of time. "all with equities finally moving (down) in your favor."

Thu, 12/12/2013 - 17:30 | 4241047 toros
toros's picture

It's all about winning.

Thu, 12/12/2013 - 17:46 | 4241104 Legolas
Legolas's picture

Just read a good article and want to share it:

 

http://www.theburningplatform.com/2013/12/09/may-the-odds-ever-be-in-you...

 

 

Thu, 12/12/2013 - 18:26 | 4241257 lakecity55
lakecity55's picture

Superb article.

I try every day to get folks to see 1 common enemy: the sociopathic personalities whose greed will be their undoing.

As Celente said, once you have nothing to lose, you lose it.

The sociopaths are incapable of controlling their greed. Power and Wealth, 2 primordial forces of the physical world, are too powerful for those without a Spiritual basis for living.

We have seen this throughout history: and now, with Global Connectivity, the sociopaths have more power than ever. They will go down fighting, but they will go down.

And there will be Pain, but an Idea cannot be destroyed becasue it is Spirit and not of the physical elements of this continuum.

To beat them you must become the flexible tree in the storm fast approaching. You must bend around the Evil, allow it to pass over or even through you.

Frank Herbert: Fear is the Mind Killer.

Disengage yourselves in any practical way you can: it drains their power, for they are Vampires of the Soul and Freedom.

Sat, 12/14/2013 - 00:38 | 4245779 gallistic
gallistic's picture

Lakecity, you are too much.  LMFAO!

Er....  Wrong!

Frank Herbert named it the Litany Against Fear not "Fear is the Mind Killer", and it is nothing like your ignorant mind believes it to be.

There are no "flexible trees".

There is no "wind".

There is no "Storm".

This fictitious "Storm" is not "fast approaching"

You do not have to "bend around Evil", much less "allow it (evil) to pass over you or even through you".

Thanx for the pseudo-spiritual advice and the laughs! You truly do not have a clue what you write, but on the bright side, you are the best buffoon I have seen in recent times.

Thu, 12/12/2013 - 18:04 | 4241161 azengrcat
azengrcat's picture

I suggest you panic BTFATH

Thu, 12/12/2013 - 18:12 | 4241191 pragmatic hobo
pragmatic hobo's picture

i'm sure we can all sell just before things unravel ...

Thu, 12/12/2013 - 18:12 | 4241204 MummyFunster
MummyFunster's picture

It's all unprecedented... so who knows what's going to happen next?

Thu, 12/12/2013 - 18:36 | 4241299 chump666
chump666's picture

...and AUD and GLD slaughtered.  All China, said it before, the Fed will not be able to stop a Chinese avalanche on USTs and USDs.

Prepare.

Again, the sell offs are muted, you need major Asian 2% sells to capitulate through.    Would be selling any Fed induced rallies on the USD, also prepare for a short on the EUR (European panic). 

Looking tasty out there

Thu, 12/12/2013 - 18:59 | 4241410 SheepDog-One
SheepDog-One's picture

hmmm...looks sustainable where do I buy!

Thu, 12/12/2013 - 19:03 | 4241424 lakecity55
lakecity55's picture

There are those with guns and those who dig, Tuco. Dig.

Thu, 12/12/2013 - 19:25 | 4241509 PFO
PFO's picture

Hey Dawgs,

pragmatic hobo has it right:

"i'm sure we can all sell just before things unravel ..."

And much to my absolute shock, my younger-brother stockbroker has been selling ALL his client portfolios for the past 2 months! He doesn't believe a word of the MSM, or I guess, his own research department, which is one of the top 12 in North America.

Now he wants to have another option besides the money-market. I told him if yah can't touch-it yah don't own it. Any ZH suggestions?

Regards,
PFO

Thu, 12/12/2013 - 19:50 | 4241559 22winmag
22winmag's picture

Muder by airplane sabotage? Skolnick had it right starting with the Watergate plane crash...

http://www.rense.com/general12/sabo.htm

Fri, 12/13/2013 - 07:42 | 4242870 Hedge Fund of One
Hedge Fund of One's picture

They're sandbagging guidance to try to get beats next quarter.

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