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WTF Chart Of The Day - Europe

Tyler Durden's picture




 

Do you believe in miracles?

 

h/t AY


That's one hell of a "whatever it takes" gap to fill.

 

Chart: Bloomberg

 

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Fri, 02/13/2015 - 12:39 | 5781060 BandGap
BandGap's picture

Looks like the jaws of an animal.

Fri, 02/13/2015 - 12:42 | 5781080 Dungholio
Dungholio's picture

a crock maybe...

Fri, 02/13/2015 - 12:44 | 5781100 astoriajoe
astoriajoe's picture

new European regulations requiring all crocks to be vegan. No danger for investors. Buy all dips.

Fri, 02/13/2015 - 12:51 | 5781153 Haus-Targaryen
Haus-Targaryen's picture

This will end well. 

Fri, 02/13/2015 - 13:03 | 5781194 nope-1004
nope-1004's picture

Computer game in chart form.  Scary question, in light of the obvious facade the "markets" have become, is can stocks ever go down?  It's all rigged anyway, so what makes us all believe that stocks can go down?

 

Fri, 02/13/2015 - 13:09 | 5781242 Silver Short Seller
Silver Short Seller's picture

ZH again proving they don't know anything. Long term bond yields have declined substantially in the last 2 years. This is why stocks can rise despite flat earnings.

Fri, 02/13/2015 - 13:13 | 5781260 nope-1004
nope-1004's picture

.gov owns the bond market and, along with other central banks, are working in concert to hide inflation and the massive printing going on just to exist.  Forget growth or earnings.... we're talking about unprecedented monetary actions just to remain solvent.

In that regard, and when you own the bond market, yields don't mean anything.

Fri, 02/13/2015 - 14:10 | 5781566 Bearwagon
Bearwagon's picture

Let me chime in here, just to take a closer look at especially "the massive printing": Most of us know that there ain't much real printing. Hey, even if we would use a printer that could reach 350 square feet per second, it still would take years to really print such amounts of money. As we mostly know, also, that's not the way "money" is created, anyways. It takes someone to ask for credit to create money, nowadays. And who or what in the world should that be, if not todays rigged market, like nope-1004 describes it?! What for should anyone else ask for sooo much credit?  ;)

Fri, 02/13/2015 - 15:49 | 5782107 random999
random999's picture

All it takes is a bank asking another bank...

At least that way it will come out in the economy through hookers and blow when their employees get their bonuses.
Thank god the bankstercalculators didnt miss out on that GDP boost!

Fri, 02/13/2015 - 15:13 | 5781898 zaphod42
zaphod42's picture

It looks to me as though the Fed and the other CBs are trying to find the inflation; the problem is that the deflation is so pervasive in everything except  stocks they simply cannot make it happen.

The only reason bonds are remaining at such low rates is that the Fed is buying them (in the name of, maybe, Belgium?).  Otherwise, who would want to hold instruments that have little yield in an environment that is screaming, "Inflate, damnit, inflate!!!"?

 

Craig

Fri, 02/13/2015 - 13:33 | 5781347 Mr. Hyde
Mr. Hyde's picture

I have some ocean-front property in Oklahoma. Please msg me

Fri, 02/13/2015 - 13:33 | 5781382 thinkmoretalkless
thinkmoretalkless's picture

They can rise without earnings...or with huge losses....(fill in your reason here)

Fri, 02/13/2015 - 14:27 | 5781650 Rip van Wrinkle
Rip van Wrinkle's picture

You know it....I know it. Could you tell me when?

Fri, 02/13/2015 - 16:35 | 5782326 Arnold
Arnold's picture

I'll take a slot in the pool.

9/11/2015

I'll owe ya if I am wrong.

 

http://beforeitsnews.com/global-unrest/2014/08/global-chaos-happening-no...

Fri, 02/13/2015 - 15:06 | 5781857 zaphod42
zaphod42's picture

I don't think that word means what you think it means. 

 

It is good that it will end. 

 

And it will. 

 

And, it will not end well. 

 

Craig

Fri, 02/13/2015 - 12:56 | 5781181 847328_3527
847328_3527's picture

Awesome!

Fri, 02/13/2015 - 15:14 | 5781905 Fukushima Fricassee
Fukushima Fricassee's picture

No clearly a Yellen, with a minor in Mooch.

Fri, 02/13/2015 - 16:44 | 5782352 DaddyO
DaddyO's picture

A croc-a-gator...

The meanest reptile on the planet.

What makes him so mean you ask?

With a croc head on one end and gator head on the other, he's so impacted that there is no relief.

You'd be mean too...

When will the recipients of the Central Bankers shenanigans turn into croc-a-gators and retaliate?

DaddyO

Fri, 02/13/2015 - 13:02 | 5781207 giovanni_f
giovanni_f's picture

red line will turn up soon

Fri, 02/13/2015 - 13:44 | 5781441 poor fella
poor fella's picture

yep, these are estimates...  another graph to be fixed.

Whack-a-Graph

 

Fri, 02/13/2015 - 17:14 | 5782504 Kiwi Pete
Kiwi Pete's picture

Yes, when the ECB starts pumping 60 billion EUR/month into the economy.

Fri, 02/13/2015 - 14:26 | 5781646 jughead
jughead's picture

Ya know when that shark bites, with his teeth, babe
Scarlet billows start to spread
Fancy gloves, though, wears old MacHeath, babe
So there's nevah, nevah a trace of red.

Fri, 02/13/2015 - 12:42 | 5781076 readyforit
readyforit's picture

About to bite someone on the ass.

Fri, 02/13/2015 - 12:44 | 5781094 sunny
sunny's picture

NOT TO WORRY!  Draghi will do whatever it takes.....  etc.

Fri, 02/13/2015 - 12:47 | 5781124 BandGap
BandGap's picture

I'm curious as to what the amount of money that the difference amounts to. Like, closing those jaws means XXX trillions.

Fri, 02/13/2015 - 12:59 | 5781193 Soul Glow
Soul Glow's picture

No amount of fiat will save the house of cards.

Fri, 02/13/2015 - 12:44 | 5781096 Vinividivinci
Vinividivinci's picture

The only miracle I believe in is the day our alien God comes to Earth and elimates all the scumbag "leaders" of this world.
Other than that..the answer to your question is, NO !

Fri, 02/13/2015 - 12:44 | 5781098 George Soros
George Soros's picture

No biggie. Earnings will catch up when QE starts in March. 

Fri, 02/13/2015 - 12:45 | 5781102 SloMoe
SloMoe's picture

Free gyros for everyone!

Fri, 02/13/2015 - 12:46 | 5781121 overmedicatedun...
overmedicatedundersexed's picture

come to the back door  get your 0 int loans, and report earnings ..simple really ..large corps are being given funds from c banks  for buy backs and stuffing the earnings along with outright buying of equity ..or not, who knows but this qe went someware beside mega yachts and NYC apartments..

Fri, 02/13/2015 - 13:11 | 5781250 scatterbrains
scatterbrains's picture

you mean if I'm a blue chip corp I can borrow at .38 and use the funds to buy back my stock with a dividend yield 2.38 and I pretty much capture that 2% vig for free? My next question is how much of my own stock can I  buy back over time.. all of it ? Is the fed privatizing America with money out of thin air? At some point it MUST blow up no?  This means you either begin today to find alternative means to save your hard earned labor or ride their coat tails and blow up with them... when ever that day comes.

Fri, 02/13/2015 - 12:49 | 5781143 Soul Glow
Soul Glow's picture

Silver is getting flowers this valinetines day.

Fri, 02/13/2015 - 12:51 | 5781152 flyingpigg
flyingpigg's picture

Welcome to the new normal. Earnings don't matter anymore...until they do!

Fri, 02/13/2015 - 12:53 | 5781160 williambanzai7
williambanzai7's picture

Fri, 02/13/2015 - 12:59 | 5781190 Callz d Ballz
Callz d Ballz's picture

Talk about creepy, this belongs on a horror flick cover.

Fri, 02/13/2015 - 13:02 | 5781205 Soul Glow
Soul Glow's picture

Wall Street Through the Looking Glass haha

Fri, 02/13/2015 - 14:08 | 5781560 PhysicalRealm
PhysicalRealm's picture

lol -- banzai, that's my all-time favorite of your stuff.  Thanks for sharing.

Fri, 02/13/2015 - 12:55 | 5781171 wstrub
wstrub's picture

Looks like a lack of trust in the currency to me.

Fri, 02/13/2015 - 12:57 | 5781175 yogibear
yogibear's picture

Skittle pooping unicorns do exist. Financial fantasyland is real. Brought to you by the central banks.

Wait until the US Federal Reserve announces the much larger QE. QE on sterroids.

Just print until your currency dies.

Then it's off to SDRs.

Fri, 02/13/2015 - 14:57 | 5781814 LooseLee
LooseLee's picture

"Then it's off to SDRs."

and the CB's off to the gallows...

Fri, 02/13/2015 - 12:56 | 5781177 Keltner Channel Surf
Keltner Channel Surf's picture

It seems central bankers created this correlation, then the quants' computers artificial(ly) intelligent models pick it up in their calcs and trade on it, and we get markets that are essentially like a circular reference in Excel -- keeps getting larger, but you don't know why.

Fri, 02/13/2015 - 13:18 | 5781292 Oldwood
Oldwood's picture

I think we know why....

Fri, 02/13/2015 - 13:17 | 5781291 BullyBearish
BullyBearish's picture

POPaganda

Fri, 02/13/2015 - 13:20 | 5781305 BrosephStiglitz
BrosephStiglitz's picture

To understand this chart you really have to understand capital flows, and where capital is parked.  Is it going to end in tears? Of course it will, eventually, but right now (over)valuations are set to go higher before they go lower.

The scary part is what happens when all of the financial capital starts to transition into the real economy. 

Fri, 02/13/2015 - 13:56 | 5781470 rejected
rejected's picture

Capital? What capital?

If I remember correctly isn't capital earnings from work etc, not spent,,, like savings?

So with ZIRP where's the Capital?

Unless your referring to that fake capital the Central Banks push which is really counterfeit and dilutes and destroys the real capital in the same manner as it does the currency.

Sorry, but this new Common Core Economics puzzles me....

IMO the new definition of Capital should be "Central Bank Loot" stolen from the people when the currency goes to zero.

Fri, 02/13/2015 - 15:02 | 5781825 LooseLee
LooseLee's picture

"all of the financial capital starts to transition into the real economy"

Please tell me 'how' this will happen. What will drive this capital into the system when the 'system' is contracting...What, in the 'real' economy will drive this capital demand?

IMO the only way to lay a foundation for that to happen would be for 'most' debt to be 'poof/gone'. Otherwise the debt overhang is way too large to permit what you suggest/imply.

I'm listening. Lets hear it.

Fri, 02/13/2015 - 13:36 | 5781402 jmcadg
jmcadg's picture

DAX at all time highs, what's not to love!

Fri, 02/13/2015 - 13:45 | 5781446 Let The Wurlitz...
Let The Wurlitzer Play's picture

Please add total margin debt to chart 

Fri, 02/13/2015 - 13:55 | 5781493 gmak
gmak's picture

I'm sure the Zimbabwe chart looked just like this one before the SHTF.

Fri, 02/13/2015 - 13:59 | 5781513 SpeakerFTD
SpeakerFTD's picture

That's what happens when the D in DCF is >1.    You thank NIRP for that.

This moment of insanity will be the basis for generations of future thesis papers.

Fri, 02/13/2015 - 14:35 | 5781682 The worst trader
The worst trader's picture

Pay no atention to that chart it's totaly meaningless. We will just make it better with a stroke of the keyboard.

Fri, 02/13/2015 - 14:40 | 5781702 Badself
Badself's picture

If you are invested in equities this chart looks frightful under the old rule book.   The rules have changed so this could be a great chart.  No one really knows but the rule makers.    

Fri, 02/13/2015 - 16:28 | 5782295 To Infinity And...
To Infinity And Beyond's picture

Silly Rabbit, charts are for kids. Bad news, stocks go up. Good news, stocks go up. Why bother with analysis. Stocks will continue to climb until they don't. All rationale is useless.

Fri, 02/13/2015 - 19:31 | 5782988 Al Tinfoil
Al Tinfoil's picture

HAVE NO FEAR!  THE FED IS HERE!

What the index shows is not over-valuation or price inflation, it's VALUE ADDED!  It's part of the New Economic Mindset.  It's all a matter of putting the right label on it.

Now all repeat after me: "It's All Good".

Do NOT follow this link or you will be banned from the site!