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The Farce Of European Stocks (In 1 Simple Chart)
If, as the smart chaps on financial media continuously remind hungry investors, "earnings are the mothers milk of stock market rallies" then WTF is going on in the chart below... (Hint: "perenially too optimistic")
As ValueWalk's Michael Ide notes,
European equities had their 42nd straight month of earnings downgrades in September, with an average of 100 downgrades per working day since March 2011, says a recent report from UBS. That’s not quite as bad as Japan’s 51-month downgrade streak in the early nineties, and fortunately there are signs that estimates could finally turn around.
“Bottom-up consensus earnings estimates have tended to be perennially too optimistic across many Global Equity markets. But even by these standards, the sheer persistence of downgrades in Europe over recent years has been dramatic,” write UBS strategists Nick Nelson and Karen Olney.
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Dramatic, persistent, irrelevant... as long as Draghi keeps the dream alive
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The only thing Draghi can do now is lie. Time will tell if anyone calls him on it.
You mean he has done something else besides lie up until now?
If I meant that I would have written that. WTF go have another beer
And when the Euroweenie dream gets flushed down the dirty toilet hole with two footprints painted on both sides of it...
Be sure to cue the famous photo of the whining Frenchie from WWII.
European Unity is worth another 1-3k on the DAX. MINIMUM!
The challenge was for you to explain what Draghi has done besides lie.
Draghi? What's Draghi got to do with it?
This is the power of the Federal Reserve. We in the US have absolutely no concept of just how inflated the US Dollar is these days. The whole world has been riding the flow.
This is where I like Putin. He tends to tell the truth. He warned us not to go socialist. He is warning us about inflation and the blowback to come for our actions.
And by us I mean TPTB under whom we all toil.
my co-worker's sister makes $72 /hr on the computer . She has been unemployed for eight months but last month her check was $12806 just working on the computer for a few hours. check this... www.yelptrade.com
opening her legs ?
I pulled you up on your stupid contribution a few days ago. If she makes $12806 for the month at $72 per hour she would have to be working 177 hours a month. So how does this relate to "a few hours a day" that you state?
So give it a rest ( your hand that is) and look for some meaning in your life.
surf0766,
He certainly NEEDS to be called on it. Another attempt yesterday (Friday) jawboning the 'markets' up with more stimulus statements for the algos to respond to.
DavidC
Oh, so 40 weeks of downgrades but it looks like it's turning around so the news is both negative and positive. All good, let the markets rip. Sorry R.I.P.
Well they wanted a United States (of Europe) and they got one without fighting a revolution. That will come later.
It looks like the market is manipulated. The arguement, to my suspicion that Goldman Sachs and the Central Banks have directly connected an infinite supply of fiat to the markets via central bank software applications, always comes up against facts that show corporations repurchasing their stocks or money flowing into stocks because there is nowhere else to put it and so on. I still very much doubt that central banks and Goldman Sachs and JP Morgan would not in a heartbeat simply connect the ability to create fiat directly to the markets since those entities are above the law. I do not disagree that there is factual evidence as to why the markets go up despite falling earnings I just believe that since the NWO's financial system which is orchestrated via central banks would naturally take this approach since it is available to them. If so the other reasons for the markets rising simply add to the manipulation by central bank software.
The west's socioeconomic system has reached a point in its support of world domination that it is also quite reasonable to believe that central bank software has been implemented as a security apparatus that prevents any natural calamity, the result of free markets, from occurring during this time. Sort of a parallel to the militarization of police forces and control of populations via terrorist boogey men. The NWO is actively waging war in the middle east, with Russia in Ukraine and having deputes with China over oil rights in the China Sea.
So the bankers are at this time fighting a war with as more fronts as WWII but with populations that are 3 times ? as large; in addition to foreign nations they are also fighting the populations under the occupation of each NWO nation-state that is under the control of each central bank. WWIII the world war that we now in could explode into a physical war on all fronts at any moment. The NWO does not stand a chance should this happen. Dude's are a bunch of freaking bankers. I hereby reconfirm my belief that the reasons the markets are rising are the direct result of central bank software applications.
weeeeeeee!!!!!!!!!!!!! so fun!!!!!!!!!!!!! weeeeeeeeeeeeeeee!!!!!!!!!!!
make it higher asshead yellen, make it go higher!!!!!!!!!!!!!!
looks like a recovery to me, from the summer lows dont it?
You have to admit that 42 months in a row is an incredible feat and we also have to admit that regardless of the pitiful earnings the market keeps rising.
The disconnect is there for all to see but cognitive dissonance is far too powerful when greed and cheap money keep the motion going.
If earnigs are the "mother's milk" it looks like the "baby" is starving!
joke:
Woman goes to the doctor with the baby. The doctor examines the baby and tells the woman that it seems undernourished. He asks her to take her blouse off and begins to examine her breats by squeezing them and then squeezing the nipples.
He looks at the woman and says: No wonder the baby is underweight. You have no milk.
The woman looks at him and says: Doctor I am the grandmother but please continue.
Must....cook....books. Overstate and, much later, reevaluate downward.