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Global Markets Just Reached Record "Death Cross"-iness

Tyler Durden's picture


Global GDP growth expectations for 2014 have dropped 15% since the start of QE3 in Dec 2012... Global stocks are up 35% in that same period. At 2.67% GDP growth expectations are the lowest on record for 2014 and with MSCI World stocks at record highs the death cross has never been more crossed...



Source: Bloomberg

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Tue, 07/01/2014 - 21:36 | 4916145 LetThemEatRand
LetThemEatRand's picture

Wait, is this another ISIS article about death crosses?

Let me be the 1000th poster here to point out that these charts don't matter anymore.  There is no market.  There is no spoon.

Tue, 07/01/2014 - 21:38 | 4916158 Spastica Rex
Spastica Rex's picture

They're making reality, and you're just studying it, judiciously, as you will.

Tue, 07/01/2014 - 21:42 | 4916170 max2205
max2205's picture

Great now NFLX can really move up

Tue, 07/01/2014 - 21:50 | 4916192 LetThemEatRand
LetThemEatRand's picture

I hear Mecha-ISIS vs. Mega-Fed is driving up subscriber counts.  So, yeah.

Tue, 07/01/2014 - 21:54 | 4916205 Spastica Rex
Spastica Rex's picture

"Kaiju" is actually an appropriately descriptive term.

Tue, 07/01/2014 - 22:08 | 4916243 Buckaroo Banzai
Buckaroo Banzai's picture

There is no Dana, only Zuul.

Tue, 07/01/2014 - 22:14 | 4916272 Spastica Rex
Spastica Rex's picture

+1 Obscure, yet relevant rif on "kaiju."

Tue, 07/01/2014 - 22:20 | 4916307 Greenskeeper_Carl
Greenskeeper_Carl's picture

Agreed. They have been beating this 'death cross' horse for a while. I don't even think there is a horse there anymore, just kind of a police chalk outline of a horse. There is no market, hasn't really been one since around 2000 or so. Pointing this out every couple days isn't really doing anything. Kinda like a 10 dollar move up in gold doesn't really count as a 'surge' in my book. Not saying it won't break one day, but come on.

Tue, 07/01/2014 - 23:09 | 4916451 TheObsoleteMan
TheObsoleteMan's picture

Amen Brother Carl, it means little if anything. When markets are broken and captured, all talk of "death crosses", "black swans" and other metaphors are empty talk.

Wed, 07/02/2014 - 05:02 | 4916922 Ides of November
Ides of November's picture

The point about a so-called 'black swan' is that it will defy TPTB's ability to quarantine it's effect on the 'markets'

Ie. what do you think happens to a whole bunch of markets if Russia turns off the gas to Europe at the same time it's ally Iran lobs a few missiles into Ghawar, Riyadh, Doha, Kuwait City, Dubai & Abu Dhabi?

Oh, and sinks a few oil tankers in the Straits of Hormuz????

Enlighten me. I'm sure such actions would have a rather noticeable effect on all sorts of markets.....

Wed, 07/02/2014 - 05:57 | 4916952 Ronaldo
Ronaldo's picture

When pigs fly.

Wed, 07/02/2014 - 07:43 | 4917049 Being Free
Being Free's picture

what do you think happens to a whole bunch of markets if ...

I know this one! 

They go up of course.

Tue, 07/01/2014 - 21:36 | 4916150 monopoly
monopoly's picture

Well, OK> I am still not shorting stocks until the entire planet breaks. Just not worth it.

Tue, 07/01/2014 - 21:40 | 4916159 LetThemEatRand
LetThemEatRand's picture

When the entire planet breaks I'll dabble in shorts again, but only with a hedge long on broken planet replacers.

Tue, 07/01/2014 - 21:40 | 4916164 THX 1178
THX 1178's picture

When the entire planet breaks it'll happen so quickly you'll have no time to make a move one way or the other.

Tue, 07/01/2014 - 21:42 | 4916167 Spastica Rex
Spastica Rex's picture

Maybe it will break really slowly, and really boringly.

Tue, 07/01/2014 - 21:47 | 4916184 fonzannoon
fonzannoon's picture

yup, one family at a time.

Tue, 07/01/2014 - 21:57 | 4916215 Cursive
Cursive's picture


What is this "family" you speak of?  ;)


BTW, been swamped with new client/workload.  Miss joshing with y'all all day....keep it real peeps.

Tue, 07/01/2014 - 22:00 | 4916221 fonzannoon
fonzannoon's picture

you sir represent the global economic recovery. Don't let us down!

Tue, 07/01/2014 - 23:32 | 4916540 Greenskeeper_Carl
Greenskeeper_Carl's picture

Good to know. When we miraculously hit the Feds illusive 4% growth next quarter we will know who to thank!!

Tue, 07/01/2014 - 21:59 | 4916219 Spastica Rex
Spastica Rex's picture

I guess I must be content to witness the Wars in Heaven as my time on Earth piddles out.

O God, grant me the serenity to accept the piddle.

Tue, 07/01/2014 - 22:22 | 4916314 bonin006
bonin006's picture

You can watch War in Heaven right now on youtube:


Tue, 07/01/2014 - 22:49 | 4916396 stormsailor
stormsailor's picture

things are looking pretty desperate out on main st.  its all giddy right now for the next 5 days while the goobermint check money is on the skreet.

Tue, 07/01/2014 - 21:40 | 4916162 nmewn
nmewn's picture

You can't short the house, you gotta wait till the top floor is fully engulfed in flames. Otherwise all you're doing is helping to squeeze it higher by covering.

Tue, 07/01/2014 - 21:41 | 4916165 Zeptemberalevin
Zeptemberalevin's picture

this is the root cause of our problem, right here. with respect to debt, our production is declining while income inequality is getting worse. this recovery was a joke right from the start. we will have NO CHANCE of escaping the debt trap. this is too fucken ugly to even write about but im glad to share my thoughts with people who aren't sheep. baahhhh bahhhhhh

Tue, 07/01/2014 - 21:46 | 4916179 Grande Tetons
Grande Tetons's picture

.... but im glad to share my thoughts with people who aren't sheep. 

So sayeth the plump bumble bee. 


Tue, 07/01/2014 - 21:42 | 4916166 DirkDiggler11
DirkDiggler11's picture

These fucking so called "Desth Crosses" Hendenburg Omens, and all the other horse shit are pure propaganda and Wall Street Bullshit.

Let me translate ... " We just want to try to fuck you out of more of your money by shorting this Fed created Frankensein called the US financial markets...

Tue, 07/01/2014 - 22:16 | 4916290 stant
stant's picture

Only Hindenburg omens are the spy blimps 20k ft above dc

Wed, 07/02/2014 - 01:27 | 4916794 object_orient
object_orient's picture

Come on Charlie Brown, kick the football. I promise I won't pull it away this time.

Tue, 07/01/2014 - 21:45 | 4916172 Ness.
Ness.'s picture

Charts are the new funny pages.  Throw in Betty Boop and I think ya got something there.


Tue, 07/01/2014 - 21:47 | 4916186 AllWorkedUp
AllWorkedUp's picture

It's gonna crash! It is! It really is!


Tue, 07/01/2014 - 22:03 | 4916228 Oldwood
Oldwood's picture

Anyone with a brain knows its going to crash...big time. Just no one with a brain knows when.

Gamblers make their living betting based on no facts whatsoever. That's why gambling is the only profitable endeavor left. Unfortunately, even still, the house always wins.

Tue, 07/01/2014 - 21:53 | 4916201 TuPhat
TuPhat's picture

I'm getting the ads at the bottom of each article on ZH again.  They stopped after I installed Adblock plus but now they are back.  I'll have to quit reading articles that just seem interesting and only read the best ones.  Those pictures are actually disgusting.  Too bad for you ZeroHedge/ABC Media.  I can get the ads watching ABC news on TV.

Tue, 07/01/2014 - 21:59 | 4916220 stormsailor
stormsailor's picture

sorta miss the t-shirt girl.

Tue, 07/01/2014 - 22:08 | 4916249 TuPhat
TuPhat's picture

Agreed but that's the only one I miss.

Tue, 07/01/2014 - 22:36 | 4916360 IridiumRebel
IridiumRebel's picture

If you're talking about mobile just refresh a couple times. It'll be gone.

Tue, 07/01/2014 - 22:10 | 4916262 Buckaroo Banzai
Buckaroo Banzai's picture

I'm enjoying the chinesewomendate girl right now. Not all ads are bad!

Tue, 07/01/2014 - 21:58 | 4916216 stormsailor
stormsailor's picture

yep, anyday now for more than 5 years.

Tue, 07/01/2014 - 22:02 | 4916227 Smiley
Smiley's picture

Wow, another "This signals the end of civilization as we know it" chart.


Tue, 07/01/2014 - 22:05 | 4916235 buzzsaw99
buzzsaw99's picture

as of today i am completely out. the stock market will probably go higher but why be greedy?

Tue, 07/01/2014 - 22:08 | 4916242 toros
toros's picture

It only goes down after the last short covers. Funny how they know how to time just right.

Tue, 07/01/2014 - 22:08 | 4916246 IridiumRebel
IridiumRebel's picture


Tue, 07/01/2014 - 22:15 | 4916281 Spastica Rex
Spastica Rex's picture

Here you go.

No bats, but otherwise spot-on, I must say.

Wed, 07/02/2014 - 01:25 | 4916790 object_orient
object_orient's picture

A normal sized guy who looks like Andre the Giant. Now I've seen it all.

Tue, 07/01/2014 - 22:14 | 4916278 stormsailor
stormsailor's picture

doom, dispair and agony on me, deep dark depression excessive misery.


it's the hee haw maaket

Tue, 07/01/2014 - 22:33 | 4916352 IridiumRebel
IridiumRebel's picture

Bless you for the Hee Haw

Tue, 07/01/2014 - 22:25 | 4916323 AdvancingTime
AdvancingTime's picture

We may soon be forced to face our economic Armageddon. The forces that have driven stock markets ever-higher and upward may be beginning to wane. Many markets became distorted years ago when QE and super low interest rates hit the economy in an effort to lessen many of the missteps of recent years.

This has been more helpful in holding up the underlying value of assets and derivatives it now appears than helping to repair a wounded economy. QE has up to now stopped an implosion of derivatives including the resulting contagion and shock that would have spread throughout the financial system. Unfortunately the economy has not fared as well as these asset prices and in many ways these policies have harmed Main Street. More on this subject in the article below.


Wed, 07/02/2014 - 00:33 | 4916697 F0ster
F0ster's picture

You just figure this out?

Tue, 07/01/2014 - 23:02 | 4916411 lasvegaspersona
lasvegaspersona's picture

 GDP says something about 'production'. This is an old pre crisis concept...used to be that which was produced could be consumed or part of it saved. The saved portion could be used as capital for further production.

Now we don't need capital because we just make new money and savers are just wasting their time because no one needs their savings...it is passe...

This is why the market can go up and up. It does not relly upon savers anymore. It goes up when the Fed pushes secret magic buttons. They use derivatives which cause the numbers to rise (good numbers rise bad numbers fall). Those who used to save now just hunker down and wish they had gone along for the ride but now will never get back in. They will die with the money they have now in their pockets, unspent. 

It will be worthless by then though.

The Fed may be close to going full retard. They eventually have to exponentially increase the money supply to keep old debts from going bad and wiping out existing debt (ie money).

When they do this I will send everyone a memo and you can throw a few bucks into the market and as quick as you can say Zimbabwe Stock Ticker you'll be a homeless billionaire. Until then we all have to pretend that markets go up because 'money on the sidelines' enter the market. Actually the money entering the market is just a dream of central bankers. It never actually exists because algos can't count....they don't even know if they got paid, silly algos.

Seriously...sort of...the Fed will shortly cause the market to either crash or rise. If it crashes the dollar will become very valuable and a few dollars will buy much wealth. If the market rises the dollar will have fallen in value and when you sell your stock you will get many dollars. The first case is called deflation and it is the way things should happen. It is also pure fantasy, fiction.

Hyperinflation has been on the rectal verge like an incipient turtle head just waiting to relieve the great constipated sensation that has made the  entire world grumpy. Once we get that out we will all feel much better. Islamists will go back to just praying, death metal band will do Cat Stevens covers, cops will protect and serve and Obama will go back home. We will move better and get out of bed with a spring in our step. We will not have money but we will make new money and eventually the world will start to turn normally again.

Invest wisely...and put a few Krugerands in your sock drawer...it is good luck.

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