The Scariest Chart For Global Stocks

As QE3 came to an end, World Stocks plunged back to economic reality before The Fed's Jim Bullard promised 'moar QE' if things get really bad. Well things have got really bad... JPMorgan's Global Manufacturing PMI just dropped to its lowest since July 2013..

And the 'wedge' between economic reality and market perception is closing rapidly.

Because - as we noted previously, "It's not the economy, its global stocks, stupid!"

We leave it to Raoul Pal to sum up...

World PMI is looking very much like replay of 2007/8... tipping point is nearly reached. Currently at 50.7. pic.twitter.com/19Q98RDMlc

— Raoul Pal (@RaoulGMI) September 1, 2015

Charts: Bloomberg

Comments

[RawPawg]

meanwhile..i checked Facebook,and the sheep are still trying to sell their used(1 month old) I-Phones.

[DetectiveStern]

Fuck 'em mate. Let them dig their own graves. 

[Tom Servo]

What does Ru Paul know about world PMI?

[Pool Shark]

He knows that the World Stock Index is just a Ponzi scheme in drag...

[El Oregonian]

Boy, that looks mighty steep...

[HardlyZero]

worldly.

And IMF is not going for a Greek bailout either...so every risk is now ON while the markets collapse. 

Party like its "2012" , and get SRTY.

[dognuts]

Hold on to your hat!

[JLO]

Exactly. And let go of that gold and silver. Its headed LOW LOW LOW. Paper rules the markets in EVERY situation. Not your physical holdings. GOLD NOW $500.00

[tocointhephrase]

"Low low low. Paper rules", therefore it can only go to its intrinsic value of zero! Physical to the moon!

Fixed it for you!

Edit: ps welcome to fight club, always nice to see fresh faces!

[JLO]

Paper gold and paper dollar still holds value (world power value). until it doesnt. only then will physical shoot to the moon. and thats REAL soon.

[tocointhephrase]

+1

[stewie]

"REAL soon"!  You seem pretty confident...

[Sir SpeaksALot]

it s a shame we have to wait at least one more year to straighten things up...

[HeNateMe]

Dude, love your tesseract.  

[mastersnark]

Just 1 hour until its time to frontrun the PPT buying spree...

[Eyeroller]

They can't do it forever...

http://seekingalpha.com/article/3472286-the-fed-spent-23-billion-in-3-da...

[lasvegaspersona]

great article there, explains TOMO, POMO and MOJO too!@

[Spitzer]

Is the Swiss NB still buying stawks ?

[KnuckleDragger-X]

Pesky reality strikes again. All the players who think moving money around and trading paper products is the economy are going to have a rude awakening and hopefully, quick hangings.....

[franzpick]

It's going to get a lot scarier in the September to dismember.

[Thisisbullishright]

Cliff diving in September can be very dangerous! 

Be careful my friends....

[world_debt_slave]

globality

[stant]

Nail guns going to be global

[john_connor]

The scariest-er chart is when this turns into a downward sloping head and shoulders with target of around SnP 1100

[Bill of Rights]

So if for the last seven years Governments have been buying all this neat stuff, where are they storing it all?

[Urban Roman]

It's all digital. They store it on a server in Hillary's bathroom.

[NDXTrader]

Why would this be scary for stocks? It just means more China pumping, more BOJ QE and no rate hike. It's actually great news for stocks. This carnival won't end until the day one of the Big 4 - China, Japan, BOE or the Fed- launches a QE program and the market goes down. Yellen could put us at new highs today if she wanted to. I want the Ponzi to blow up, but let's be realistic

[Dogspurt]

If you're going to use the word 'more' spell it properly, not 'moar' which is frankly puerile.

[Consuelo]

~2 weeks to go (they'll have a better handle on the 'data' by then...), and what do you think the discussions are now...?   Mr. Dalio may yet be proven right.

[Banker Buster]

SNB just called Ramp Capital LLC crying and begged for a bounce into the close.  Buy My F&*king Dip please!!!