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"Pets-Dot-Who?"

Tyler Durden's picture




 

You can manipulate earnings, but The S&P 500 is as expensive now on a cash-flow basis as it was at the peak of the dot-com bubble...

Cheap?

 

Just remember who is selling these stocks...

 

So who is the greater fool?

 

Charts: Bloomberg

 

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Fri, 11/20/2015 - 15:53 | 6818951 RacerX
RacerX's picture

What color line is for the Muppets?

Fri, 11/20/2015 - 16:00 | 6818975 Rainman
Rainman's picture

Green is for ' awesomeness '

Fri, 11/20/2015 - 16:08 | 6819002 Gatos Locos
Gatos Locos's picture

It is not  easy being green.

https://www.youtube.com/watch?v=hpiIWMWWVco

Fri, 11/20/2015 - 16:06 | 6818996 eltxamo
eltxamo's picture

green

Fri, 11/20/2015 - 15:54 | 6818953 Hohum
Hohum's picture

Get to work, Yellen!

Fri, 11/20/2015 - 17:58 | 6819449 glenlloyd
glenlloyd's picture

That's get to work Mr Chairmanwoman...

Fri, 11/20/2015 - 15:54 | 6818958 adr
adr's picture

Ha, you think earnings matter. You think anything matters.

Teh stock market has become a policy tool and an ATM for people like Shkreli.

Rainbow shitting Unicorns that barf gold dust are more plausible than Nike's balance sheet.

Fri, 11/20/2015 - 15:55 | 6818962 Conax
Conax's picture

Chart 3: YTD cum. flows by client type?

What?

hahaha

Fri, 11/20/2015 - 16:28 | 6819079 Tom Servo
Tom Servo's picture

glad i'm not the only one who was channelling their inner 15 year old...

 

Fri, 11/20/2015 - 15:57 | 6818967 MadVladtheconquerer
MadVladtheconquerer's picture

Like cars.com?

Fri, 11/20/2015 - 15:59 | 6818973 Bangin7GramRocks
Bangin7GramRocks's picture

Who could of expected that band of retarded gamblers to actually remember history and learn from it? At least in the past, people had to take losses. Now they just line up to take a drink from the gubmint titty. Wall Street "takers" living off us "makers".

Fri, 11/20/2015 - 15:59 | 6818974 orangegeek
orangegeek's picture

MOAR NEGATIVE SHIT!!!

 

Looks like MOAR ALL TIME FUCKING HIGHS!!!

Fri, 11/20/2015 - 16:04 | 6818986 Glass Seagull
Glass Seagull's picture

 

 

.com

 

Pets.com.

 

You asked.

Fri, 11/20/2015 - 16:05 | 6818992 Seasmoke
Seasmoke's picture

Oh, the cum is flowing Alright.  Right in our fucking faces. 

Fri, 11/20/2015 - 16:09 | 6819007 MadVladtheconquerer
MadVladtheconquerer's picture

Well, then, swallow the next time.

Fri, 11/20/2015 - 16:13 | 6819017 kevinearick
kevinearick's picture

Fordlandia, The Doctrine of Proportion, & War

Legitimate, suitable, necessary and reasonable.

So, Pollyanna is brought to trial of fact on medical neglect, upon failure to consent to failure to advise, in violation of parental order, against medical advise, and the critters representing themselves as medical professionals are shielded from cross-examination, let alone standing trial for their actions, upon expert assumption, Obamacare. Instead, the evidence presented is being politically incorrect, too damn positive to heed the advice of charlatans, optimistic and cheerful, scoring too high on the test.

What does a 98% conviction rate over decades tell you?

The golden rule, do unto others as you would have them do unto you, works both ways, saying one thing and doing another, from thine own mouth, creates the geometry of lies in the black hole. Labor doesn't waste its time playing games with pawns. And the communists kill each other accordingly.

Whether the positive feedback loop between a market wed to government and war is a problem or a solution depends upon perspective. The empire falls on reversion, only to repeat itself, with such stupid human tricks. Space travel is a psychological, not a physical or intellectual problem.

The majority votes for the Dark Ages every time, and the length of depression is a function of time to discovery, that the isms are symbiotic, that freedom from personal responsibility is not freedom. Whether the monkey or the ape came first is irrelevant, because both are trapped in the prison of sinking real estate inflation, as their resulting demographics hit the wall. Delivering a baby isn't rocket science, regardless of what the experts have to say on the matter, always creating a problem to fix it.

The counterweight is growing and falling, but surprise surprise, it's not lifting the 1%, at each other's throats. Of course the nazis are all in, up to their neck. Funny thing about the conveyance business, real estate and Germans…

Replacing the majority with a program is far easier than the majority assumed, including the programmers and politicians. The answer of course is to be yourself, to thine own self be true. Do your own research, instead of listening to the carnival barker and following the herd into the tent.

If you cannot maintain what you have, reaching for something more is not the answer. War is an artificial emergency, of communism falling into fascism, representing itself as socialism. Keep bombing poor Syria, complaining that lives don't matter, in a University built for the purpose.

Fri, 11/20/2015 - 16:31 | 6819090 scubapro
scubapro's picture

 

 

spx price to sales is much higher than in 2000;   price to trailing 12 mos earnings is higher than 2007....there are many traidtional metrics that show the mkt is overvalued.   

..but the muppets believe TINA...they have no fear and are totally complacent.  they ALL are yearning for those new all time highs to justify every deluded perspective on the world they have.    they will get it too.    spx, djx seem destined, sometime next week to hit new highs....small mid cap, emergin mkts, junk bonds, biotech,  will also top out much below their highs from June.   

b/c the training has lasted for 6 years with the last 3 being extra intensive, to always by the dip and even with 10% down, to seek out 'bargains' at a mere 30x earnings (value stocks) and simply ignore cash-burning machines like tsla, ibb)  they have been inoculated.   a careless, drifty, soma-like state they are currently in--they wont even react until its -20%, but by then the margin calls will be taking place...and the wjs will start running articls on how negative repo rates have been signaling distress for a year....and their 'advisors' will use words like 'transitory' and next years yoy earnings will look really good and 'we just gotta ride this out'.   

Fri, 11/20/2015 - 17:03 | 6819219 oklaboy
oklaboy's picture

who is the fool, us or them?  

Fri, 11/20/2015 - 17:19 | 6819294 tommylicious
tommylicious's picture

no more reacharound!

Fri, 11/20/2015 - 18:00 | 6819453 glenlloyd
glenlloyd's picture

Must be free reacharounds with purchase?

Fri, 11/20/2015 - 18:10 | 6819488 wcvarones
wcvarones's picture

Price to EBITDA?  Why wouldn't you use EV to EBITDA?  Price to EBITDA is kinda meaningless if you don't know what the debt level is.

Fri, 11/20/2015 - 19:11 | 6819650 DrZipp
DrZipp's picture

Short sock puppet spokesmascots.

Fri, 11/20/2015 - 21:58 | 6820047 percyklein
percyklein's picture

That was then. This is now.

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