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"Same Stuff, Different Year"
How many more of these annual disappointments does it take before the world gets the joke...
The History of consensus expectations for US GDP... (notice they all go from the upper left to the lower left...)
Source: Bloomberg h/t @M_McDonough
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I'm beginning to wonder if the rest of the world even has a sense of humor.
Never is my guess
Ahhh.... It looks good. Promising, even. Buy more SPY and next year we will really take off to the up side, as long as you buy more SPY.
When the arrow is on its way back up.
at least the chocolate ration went up again
Up to 20 grams now!
That's not chocolate...
"Back and to the left. Back and to the left. Back.... and to the left."
don't worry about the muppets. when they yank the flusher the muppets will react as usual with dismay and send their kids off to fight the banker's war with their little flags waving.......same shit .....different cycle
Extend and pretend, that is the only thing they know how to do. Pathetic.
http://silverliberationarmy.blogspot.ca/
"(notice they all go from the upper left to the lower left...)"
Um , no, actually I am not noticing that.
the joke is the only thing that can take the market out is if we actually ever got real growth. luckily that does not seem to be an issue.
Agreed. Days like today make me wish I never woke up to this nonsense.
......and for the time being will not be one.....as long as the CB ' s are in charge
Which comes first? Unemployment goes to 0% or everyone is on foodstamps.
...to the lower right?
Meh. Given it's a GDP belief system, does it really matter anymore?
Or perhaps Tyler is telling us it will take no time to eventually go straight down?
Hope and change motherfuckers.
its all BLS and people love it
As of today it's official ,, I will not use BS/BullShit in my speach ,, the new term is BLS.
Also interesting is Federal budget numbers are derived from presumed future GDP.
As that presumed GDP estimate falls, so should Fed budget numbers.
They never do.
who cares about GDP, there's plenty of cash on the sidelines!
i read this in a textbook
"in the long run, equity market returns should track GDP growth"
Was it written before 1913?
Revise earnings and revenue expectations so you get a "beat", buyback corporate shares, go on "Mad Money" and talk about how bullish you are and that you're "cutting expenses" (firing employees and cutting corners), then BLS will put out B.S. about how employment is improving to keep people spending.
GDP "guidance" just a cog of the "baffle 'em with bullshit" 24/7 propaganda machine.
A lot of bellowing fog, with flames, a booming voice, and a projected image.
"Don't look at that man behind the curtain."
Toto!
Here's another truthie joke.
'Economics is the only field in which 2 people can share a Nobel prize for saying opposing things.'
Myrdal and Hayek, 1974 , to be precise.
It's a "stock picker's market" for your "cash on the sidelines" in this market that is still "fairly valued", and while you could "take a few chips off the table", that would only be to keep enough "powder dry" for the 5 minute dips that must be bought.
On bloomberg radio Phil Orlando said it was a superbly strong Easter/Passover for the consumer, which bodes well for "back to school" ... not sure if it was really him live or maybe they just keep playing the same clip from 2010 every year around this time?
fundamentals no longer matter because the fed has deemed it so. QE coupled with zirp for the next few years trumps any lousy fundamentals. furthermore, the idea of making easy money attracts dumb money. you all know the rest.
can't believe i'm buying 197 SPY puts, sometimes I have to pinch myself to make sure I'm not dreaming
Eric Holder, Obama and Reggie will have to organize a three way sexual environment event to decide what faith approaches you.
It's so fun to corner these rat bastards holding the taxpayers cheese slice.
Nothing matter other than is there more stimulus potentially coming? YES? OK BUY! until that stops the markets will keep rising.
Sure, buy into market. Your gains are gone. Everyone pays the IRS payment game. You either throw everything into the game and wait for the cheque or don't let them borrow your money. April 15th is a good day. Tax inflows are a 11 month waste.
My monkey is outperforming me again.
I told him it's not easy buying strength.
He laughed at me, then removed the sell button altogether.
Dude is fearless.
Lower right
no i think it's lower left to upper right, according to Gartman...? except for Gold of course
"How many more of these annual disappointments does it take before the world gets the joke..."
... and the elite are laughing their sick, fvcking arses off as they pile their treasure higher and higher...
FUBAR.
The 1/2 life of human mental retention over the last 6 years, is on par with the fruit fly...
We're clearly seeing the effects of instant gratification. My garden this year, has taught me more about prudent investing than any edible i-Shit ever will.
The numbers will always be good. If not, just let the ISM change them.
Can the existing global system continue to function at less than 3% growth?
It's powered by hot air and bullshit. Endless amounts of it.
It's not bullshit anymore ,, the newspeak for BS is BLS.
welcome to the new normal
Fukushima Daiichi will settle all this shit!!!!Have a nice day.
it's gonna blow? when? soon? should I buy Iodine tablets ?
YES
Best Tetris game ever!
Hope and change = lies and bullshit
It places the printed money into the stock market.
Looks fine to me. The bigger the fall the higher the POMO so BTFD new QE soon
Taste the fucking rainbow
Been seeing the unicorns crapping out skittles the last several years, they keep on coming back.
So ridiculous. What useless markets. Day traders must be going nuts trying to trade all this crap that does not move. Why do I feel I am in the eye of a Cat 5 Hurricane.
Funny thing about all the graphs in the world of finance: People make money selling rights to look at graphs, not by actually looking at them.
This miss is gonna hit like a nuclear bomb blast (financially speaking.). My money is on a two pronged advance with the Russians in North (parried?) with a truly massive assault "right up the gut of Europe" just like the Anglo Americans did it in 1943.
Prosperity is jusssssstttt around the corner... I promise. ..... Hey look over there... Squirrel!
BULLISH
Markets are corrupt are are not the same like they are supposed to be. Its a rigged game run by computers dictated by the fed reserve I believe. There is a massive building, gaurded and patroled near NYC, that runs the markets im told. Its a very conceled building surrounded by iron spiked fences and gatehouse with a spiked drawbridge. truth!
I'm pretty much sure the crosses are going to cover going into London. I'm staying up all night for the price action.
Good headline title, pretty much sums it all up.
http://www.youtube.com/watch?v=aap7u00uq4U&sns=em
Why allegedly intelligent people keep watching GDP is a mystery. GDP is inflated by government spending, which - due to a lack of princing mechanism - is no indication of actual productive activity. Hire the unemployed to watch TV would put them on the government payroll and boots GDP. It is only interesting because other people pay attention to it.