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The Dismal Earnings Outlook In A Chart Even Bob Pisani Can Understand
Having destroyed any remnants of the "it's earnings that matter" meme, we thought the following chart would clarify just how bad the outlook for Q4 EPS is. As Factset notes, "the decline in the bottom-up EPS estimate recorded during the course of the first month (October) of the fourth quarter was higher than the 1-year, 5-year, and 10-year averages." That is not a 'good' thing..
h/t @Not_Jim_Cramer
Though one wonders what reality stocks will move on as "Earnings don't matter (anymore)"
Fundamentals or Central Bank liquidity!
and haven't done for a long time...
Charts: Citi, Factset, @Not_Jim_Cramer
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It's dotCom 2.0. When price action is up, who theF needs earnings? When it crashes then ppl will start to discuss it. 'Till then, matters not.
"I'll only get out when Wall Street starts selling tulips." - Cramer
Was just thinking about that. Tulip bulbs on sale here and will likely grow by spring. (green shoots, Anyone remember that one? Green shoots?)
Holy shite.
Steve: Well, whatchu tink, Bob?
Bob: Uh, I donn unerstann
Bob & Steve?
The this cycle is over when there is REVULSION. Can you imagine people who are revulsed by the idea of buying stock? People swearing they will never buy stock again, ever for their lifetime? And will teach their children to never buy stock? Zerohedge website shuts down for lack of interest. Thats when you know this is over for good.
What a beautiful day that will be.
I'm hoping to see a day when companies will flee from Wall Street, preferring to keep their profits and invest in their companies, instead of enriching shareholders.
Soooooooooo, the gist of this article is that we should expect S&P to be 2500 by March?
It's also housing 2.0. When price action is up, who theF needs tenants?
It's as if each on its own wasn't enough, so they decided to try both at once.
What about student loans, subprime housing, subprime autos, and Mazerati?
Notice how the MOMOs keep blowing up after earnings? Reminds me of 2000. Today it was Priceline.
Slacker Senator Cory Booker goofs around on Twitter while coasting to re-election victory:
http://tinyurl.com/qb2gllp
it's so funny how we have the bullard line of demarcation on all the charts now.
Last time got us a giant run in bonds, no money down.
Georgie, Obola Putin pie.
https://www.youtube.com/watch?v=fHPBr6-sTQ8
I think the girls are gonna cry.
fear not - Gay Bob will be back out there tomorrow with his pom poms and make-up
When Bullard was a tot, he asked his 3rd grade teacher "What should I be when I grow up?" and she replied: "Duh ! Your name begins with 'Bull', doesn't it? Then, you should join the Federal Reserve, of course!"
If not for a continued lineup of stock buy backs by comany after company at near zero interst rates these earnings would already be in the gutter.
Pretty F'd up when stawks are considered safer than bonds and capitulation lines can be traced to a Fed pie hole.
Thanks for that headline - Bob Pisani has the prayer book of the "Holy Church of the Sepulchre of Debt" memorized:
I know there are more, that's just the short list.
Bob Pisani can go piss up a rope - he's dead wrong and Herbalife demonstrated just how wrong he is. Stock buybacks based on debt only work if there is growth. And no economy means no growth - all else equal. As ZH pointed out here http://www.zerohedge.com/news/2014-11-03/devastation-follows-when-stock-..., yesterday, it works well until it doesn't or, until earnings do not support the asinine decision of buying back equity with debt. Chapter 11 is closer to Herbalife than longevity. the irony.
Fucking awesome!!!!!!!!!!!!!!!!!!!!!!!!!!!! God I love this country!!!!!!!!!!!!!!!!!!!
Did you guys watch that C*** abuse Peter Shiff last week?
I love the part when she actually said who cares if it's all fake buy stawcks! and she was dead serious
who cares why it tracks that way now. the quants have it correlating someplace else so that is the way it is. if you look at the chart from the point of diversion it is bullish!
Equities follow buybacks instead of earnings.
The more a company borrows to buyback its stock.
The more it is rewarded by the banksters.
If BAD is the new GOOD then from what i see here we're over-achieving! I dare anyone to fault my logic. s/