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The Global Death Cross Just Got "Deathier"

Tyler Durden's picture




 

"X" continues to mark the spot of the death of global investor rationality...

 

Well that didn't take long... note the brief hope-fueled bump in world GDP that has now crumbled back to record lows for hopes in 2014...

 

Still it appears stocks believe that 2015 or 2016 or 2017 will be awesome...

 

h/t @Not_Jim_Cramer

Bonus Chart: Spot The Difference...

 


 

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Mon, 03/17/2014 - 17:38 | 4560716 Cognitive Dissonance
Cognitive Dissonance's picture

You have just entered The Twilight Zone II

Mon, 03/17/2014 - 17:40 | 4560723 Soul Glow
Soul Glow's picture

Reversion to the mean is going to be a biotch.

Mon, 03/17/2014 - 17:46 | 4560743 nope-1004
nope-1004's picture

It'll get better.  Things are looking up.  Got an outclassed amateur unicorn in the white house too......

/s

Mon, 03/17/2014 - 17:58 | 4560794 I am more equal...
I am more equal than others's picture

 

 

 

Don't worry, it was run up with printed money.  The losses will be paper too. 

Mon, 03/17/2014 - 18:17 | 4560858 0b1knob
0b1knob's picture

Death cross definition:

http://www.investopedia.com/terms/d/deathcross.asp

You could probably cook the data of dozens of charts to get a bogus death cross when overlaid one on another.  Who cares?

Mon, 03/17/2014 - 20:04 | 4561214 Keyser
Keyser's picture

The music is still playing, but the fat lady has left the building. TPTB have gone too far, we are in the land where nothing is funny.

Tue, 03/18/2014 - 04:42 | 4562139 Sword61
Sword61's picture

I agree, this "death cross" is meaningless the 2 lines could be graphed from any start point. It has no relevance. The other 2 graphs have more correlation and are ok

Mon, 03/17/2014 - 18:13 | 4560851 Deathstar
Deathstar's picture

Please do not disgrace unicorns by that comparison.  Unicorns are beautiful, white, Noble, Fair and Honest beasts whereas the Head Ape in Charge is none of the above.

Mon, 03/17/2014 - 18:01 | 4560803 Kirk2NCC1701
Kirk2NCC1701's picture

I'm no Keynesian economist or CFP, but "A return to steady-state (net-zero) GDP is... double-plus good for Valuations"?

Mon, 03/17/2014 - 19:34 | 4561115 kurt
kurt's picture

Biotech?

 

 

 

just wonderin', bitch.

Mon, 03/17/2014 - 17:46 | 4560746 seek
seek's picture

And just like the real Twighlight Zone II, this ends with your head being cut off in a tragic, unforseen "accident."

Mon, 03/17/2014 - 17:47 | 4560749 whatsinaname
whatsinaname's picture

That must mean the S&P is heading to 2K. Onwards we go.

Mon, 03/17/2014 - 19:40 | 4561131 Cat Sniper
Cat Sniper's picture

It just gets to the point where you O.O Twilight Zone and beyond.

Mon, 03/17/2014 - 17:39 | 4560720 NaiLib
NaiLib's picture

"Awesome" is the word. Stocks are now quoted in the same fashion they were quoted in the Albanian Ponzi Scheme. With borrowed FED cash.

Mon, 03/17/2014 - 17:40 | 4560724 maskone909
maskone909's picture

Death crosses in every sector including sentiment for our .gov .....Golden cross in gold soon

Mon, 03/17/2014 - 18:42 | 4560929 Groundhog Day
Groundhog Day's picture

followed by a golden shower for all paper holders

Mon, 03/17/2014 - 17:42 | 4560734 slightlyskeptical
slightlyskeptical's picture

To be honest constant 2.5% growth will be enough to keep these markets up. The problem is once everyone realizes all the growth is coming from higher prices rather than any increased production. Scarcity is the new growth medium.

Mon, 03/17/2014 - 18:30 | 4560888 OceanX
OceanX's picture

Is it possible to have inifnite growth with finite resources?

Mon, 03/17/2014 - 20:53 | 4561392 decon
decon's picture

the yeast are bumping into the side of the petri dish

Mon, 03/17/2014 - 17:44 | 4560742 DirkDiggler11
DirkDiggler11's picture

"Death Cross" - yea, that describes the spot years ago where my annual merit raise fell below my increasing benefits costs .. Net effect, I take home less in earnings each year. Good thing food and energy cost are not increasing each year cause the govt says there is no inflation.

Mon, 03/17/2014 - 17:55 | 4560782 AcidRastaHead
AcidRastaHead's picture

Is there treasure buried under that 'X'?

Mon, 03/17/2014 - 18:03 | 4560814 agent default
agent default's picture

The death cross is largely immaterial.  The central banks are also aware of the situation and they will keep printing to keep the natural outcome from materializing.  The collapse will come from an unforeseen or external event they cannot control.  If you have access to a chart they have access to, you can be assured that they will manipulate it.

Mon, 03/17/2014 - 18:24 | 4560869 Flux
Flux's picture

Oh look, more doom and gloom.

Let me know when the Apocalypse is here, I'll be sleeping.

Mon, 03/17/2014 - 20:13 | 4561248 TrustbutVerify
TrustbutVerify's picture

You probably will be.

Tue, 03/18/2014 - 09:25 | 4562651 10mm
10mm's picture

Your aready asleep.

Mon, 03/17/2014 - 18:27 | 4560876 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Hey everyone on CNBC says that earnings are increasing and that the economy is slowly growing. 

Mon, 03/17/2014 - 19:44 | 4561138 1stepcloser
1stepcloser's picture

I troll CNBC comments and at least that site is better than CNN money.  CNN's Big Time Ball licking of Dear Leader is too much to take.

Mon, 03/17/2014 - 19:03 | 4561009 rosiescenario
rosiescenario's picture

This chart perfectly demonstrates that the market fully believes that bad news = more money printing which = higher stock prices....it is quite logical and has been born out in the past few years.

Mon, 03/17/2014 - 19:52 | 4561173 Rising Sun
Rising Sun's picture

Watching the markets today was pure fucking entertainment.

 

No follow through Yellen???  What's the matter bitch??? Printer run out of ink???

 

That's a shame Yellen you fucking pig!!!!

Mon, 03/17/2014 - 19:56 | 4561188 TrustbutVerify
TrustbutVerify's picture

I'd like to see a longer term version of this chart. 

Mon, 03/17/2014 - 20:07 | 4561226 Iam_Silverman
Iam_Silverman's picture

"Still it appears stocks believe that 2015 or 2016 or 2017 will be awesome..."

So they are buying stawks while they are cheap?

Mon, 03/17/2014 - 21:50 | 4561534 arnoldsimage
arnoldsimage's picture

please... somebody wake me from this fucking, mind-numbing nightmare i'm in.

Mon, 03/17/2014 - 21:59 | 4561558 medium giraffe
medium giraffe's picture

Well that's just fucking stupid.

Tue, 03/18/2014 - 05:03 | 4562149 NoIdea
NoIdea's picture

It's the new normal. It really is different this time. You don't need GDP growth to support stock prices when you have an unlimited supply of paper and ink for the printing press

Tue, 03/18/2014 - 07:46 | 4562299 22winmag
22winmag's picture

Again, what is GDP except a *yardstick for waste and inefficiency*?

Tue, 03/18/2014 - 20:03 | 4565664 balolalo
balolalo's picture

Long war 2015, or 2016 if the trend continues or whenever markets finally catch up with reality, pop, and tank.  War by proxy/ally for sure, that is a permanent feature, direct combat is always an x factor.  

Don't forget both world wars were each decades in development before a shot was fired.   These are longterm events, with longterm financing, and longterm consequences.   The peleponesian war didn't start in a day either.

Yup war.    Always.    If history is a guide...... tptb will always fall back on good-old-fashioned war.   Prep!

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