If Earnings Were "OK" And "We Are In A Bull Market", This Would Not Happen

Tyler Durden's picture
  • SHARES OF LIONS GATE ENTERTAINMENT FALL 5 PCT IN EXTENDED TRADE AFTER QUARTERLY RESULTS - RTRS
  • TABLEAU SOFTWARE SHARES TUMBLE 40 PCT IN AFTER HOURS TRADING - RTRS
  • YRC WORLDWIDE SHARES DOWN 16.4 PCT AFTER THE BALL FOLLOWING RESULTS - RTRS
  • SPLUNK INC SHARES DOWN 7.6 PCT IN AFTER HOURS TRADING - RTRS
  • LINKEDIN SHARES EXTEND DECLINE, DOWN 24 PCT AFTER RESULTS, GUIDANCE - RTRS
  • HANESBRANDS SHARES FURTHER ADD TO LOSSES IN EXTENDED TRADE, LAST DOWN 14.9 PCT - RTRS
  • OUTERWALL SHARES FALL 11 PCT IN EXTENDED TRADING AFTER QUARTERLY RESULTS - RTRS
  • GENWORTH SHARES DOWN 16.5 PCT AFTER THE BELL FOLLOWING RESULTS, RESTRUCTURING PLAN

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JamesH's picture

love the smell of reality

 

zorba THE GREEK's picture

This s$@t is just getting started

qweston content's picture

Did you want lard or cheese on your popcorn lol

knukles's picture

Easy Tyler.  You're gonna make Bob Pisonme feel bad.

SuperRay's picture

I smell a big rally tomorrow on this news. In the new normal every day is Opposite Day

Takeaction2's picture

How many times do you guys come to ZH...a day?  Me...I would say 5 or more.  And you know what...?  Nothing surprises me.  Nothing.  The rapes from refugees, the dollar jumping all over hell, gold and silver spikes or smacked.  Oil at rock bottom, the bottom falling out of retail..real food prices through the roof.  House prices here in Portland, Or just jumped another 5%.  The $15 an hour thing is catching on here which will just bury businesses and force them to automate as well as fire many.  I just don't get it.  

.

This site is the last bit of reality....the last bit of sanity that one has.  The comments make my day.

.

2 questions?  How are people making it? And when does it really start going south (Bad)?

offwirenews's picture

dude I got ZH up all day haha

wildbad's picture

my first click in the AM and my last at night and anytime in between.  you will probably see the canary fall off is perch here first.  this is like a multi-year train wreck and this is the front row seat to financial reality

Hitlery_4_Dictator's picture

News flash, people aren't making it. I guess if you call living on credit "making it" then people are doing great. 

Winston Churchill's picture

I know a couple who went BK three years ago after living off their cc's after 2009.

Guess what, they are in the same position again.

Hitlery_4_Dictator's picture

I must have offended a sport dork, lol

Ward cleaver's picture

Where my wife works she says there r 3 types;
1. 2 jobs
2. Live paycheck to paycheck
3. Live off CC and then default

This is probably the norm for most of the poor working stiffs while Oblammy
tells us everything great and visits mosques to let us know islam a big part of US life and history. What a shit show

Mark Mywords's picture

We paid off $14 grand in debt in a little under two years. It was a struggle but well worth it. My hubby was a tremendous help and supporter. He knows I follow this economic shit like a religion and trusts me. I told him two years ago oil was at its peak. He gets it.

Now we just use our cards and pay them off monthly.

Buying a house with a mortgage that is at least half of what rent would cost for a two-bedroom apartment here helps a lot. We are not rich, but we are now comfortable, at least.

And coming to ZH and TickerForum prior helps me, too.

I may be a lefty, but I am not dumb.

Pig Circus's picture

I been coming here since this place was a blog, reading through the smog and the fog and the bog.

knukles's picture

When does it start going bad?  Huh?  Look around you!  It's falling apart at the seams!

Winston Churchill's picture

More like a bolted down diesel that thrown a rod.Jerking around waiting to see which bolt gives way first.

Maybe another month or two, I doubt longer.

At least we have WWIII to look forward to.

Vlad the Inhaler's picture

Buy long dated puts, buy pet rocks, make popcorn, drink good beer.

NoVa's picture

Pet Rocks - classic.

I have a Mr Bill kit where someone could make their own Mr Bill....

 

NoVa's picture

2 answers since I have family in Portland.  nice place, but mostly Libtards

1.  I have a day job as do most ZH'ers

2.  IMHO, there needs to be another trigger event (like a Lehman, LTCM, an unex[pected central bank action or some spark like a real geopol war).

the spark will trigger an Asset Repricing across all risk asset classes with a corresponding flight to safety, i.e. US treasuries since Sovereigns now have risks negative rates.  equities, currencies, real estate (Comm and Residential) will all come under attack.  once risk assets find a bottom, time to move out of treasuries.  IMHO, we can see UST 10yr at 1.20%.  it closed today below 1.86 which was major resistance.  next resistance is 1.68% from Nov 2014.  1.86 was established last Jan 2015. 

Below 1.68 is free fall zone - all-time lows as we have never been there before. 

 

Negative rates by any country is just another way to devalue its currency. Devaluation cuts the purchasing power of its tax payers, fuels capital flight and creates illusions of prosperity. So when there are negative interest rates, think currency war or race to devalue. It is amazing to think about the number of times over the decades we have heard cries from US companies for a weak Dollar policy.

after UST 10yr hits bottom, we could see rates grind higher up through 2.50 to even 3.50 as countries deal with hyper-inflation resulting from over-reaction from central banks liquidity.  Think 1937.

 

NoVa

 

fxrxexexdxoxmx's picture

Spot on. Great post +100

Sweet Cheeks's picture

Takeaction2,
Re: How do people make it? When I go to the grocery store, I wonder the same thing, especially when considering young families.

Food is getting higher by the day and that includes Walmart which is high enough, but prices at the new Kroger and Brookshires make you reluctant to add anything to the buggy.

I can count on one hand the number of people I know who own their homes outright and have no credit card debit or car loans. I know ever fewer who are stocking up on the precious metals-gold, silver, and lead.

How are people making it. Not well, I'd say.

Re: When do things go south? Looks like it is pretty far south already, here in the oil path. Someone tell me what February 19, 2016 is all about because I keep seeing that is when the crash comes?

Havoc Squad's picture

1. living off the old cereal they find in the boxes of thrift store giveaways

2. probably cannibalism, but it's hard to consider most of the free shit army human.  

Exit through the gift store's picture

People are not making, especially those trying to keep a household together. We just keep cutting back. I went from a regular health plan to a High deductable plan, stopped going out to breakfast on Saturdays about a year ago. Clipping coupons, making one big shopping trip a week. Working more overtime whenever I can. I even went to a generic phone plan, no smart phone for me. Cost me $10 a month, roll over min. Almost never use it. two years ago we went 100% off grid, Solar small wind, Septic, well etc. So no utilities.  The Cable and Internet are next to go if needed. And we are still doing better than most people but its getting tough, and we still are not in the thick of this messy economy.

CAPT DRAKE's picture

Sold the fucking useless minimansion, moved into a condo, cut mothly expensies by 60%, saving a bunch, though who knows why.   We greatly cut down on the amount of food we eat, its all bullshit anyway, and entertainment is the inexpensive stuff.    

So my friends come to our condo, the men really like it, say that this is where they need to be, but the women will not leave the big house.   So I say, they better get their head out of their asses because money isn't as easy to come by as it used to be and "storm clouds are forming".   One guy says who gives a fuck,  "If the SHTF, I'm better off in my 4000 sqft 2 story 5 bedroom house, with my $60K pickup."    "Who the fuck is going to come kick me out of it."   He has a point.

wildbad's picture

down is the new up

Id fight Gandhi's picture

We are in a bull market. A Bullshit market.

 

 

 

 

 

 

qweston content's picture

Why do people listen to economist with BS degree (bullshit degree) I can't wait until this thing craters

Hitlery_4_Dictator's picture

This has nothing to do with reality, trust me. +400

indygo55's picture

Has anyone asked Obama on camera who's peddlin' fiction now?

 

SuperRay's picture

The presstitutes know the rules. You want access? Then STFU

Sweet Cheeks's picture

Indygo55,
Anyone working for the government is clueless about the economy. They have a guaranteed income, automatic pay raises, no layoffs, worlds's best pension plan, and terrific benefits as compared to the private sector.

Until government employees face what the rest of us do, nothing changes. Oh, in full disclosure, I always worked in both sectors. Until the 90’s, it was impossible not to because the public pay was so low.

california chrome's picture
  • SPORTS AUTHORITY INC. IS PREPARING TO FILE FOR BANKRUPTCY

Hitlery_4_Dictator's picture

OH NO! What will the sport dorks do NOW?? Please tell me the stuper bowl will still be on!!! Where are the "diverse" people going to go to shoot someone with the newest kicks on!?? 

Mark Mywords's picture

Isn't it truly amazing how so many American adults are just small children disguised as adults?

Nothing about them has changed in their entire lives, save for theiir expanding belt sizes and ignorance.

Hitlery_4_Dictator's picture

Yes it is sad. Bread and Circus is alive and well. I have basically no peers because I don't get involved in children's games where adults wear tight spandex and chase a ball around. Ever year I hope for a major sporting series to go strike. Come on NFL strike! I don't even know who's playing this year, I'll take a guess. Houston Oilers Vs. the LA Rams???

Mark Mywords's picture

I think it's the Chicago Staleys against the Providence (RI) Steamroller.

Those were real teams - in the 1920s.

Hitlery_4_Dictator's picture

There IS a reason why the Skull & Bones created the NFL in the late 1890's. Look into it.

Ward cleaver's picture

This years Trayvon Bowl features a douche QB who even makes this into a race issue ( I guess media dissing him) but he's keeping it real.WGaF?

Emergency Ward's picture

Dunno.  When the Dodgers lost, I lost interest.

tarabel's picture

 

 

Right on! We might see the return of Mile High Stadium at last.

Go Broncos.

Oh, and there's a reason why most of these big sports chains are doing so rotten...

You can get all the gear you want for any sport imaginable-- except for the shooting sports.

Die, you vain arrogant commie exercise hounds.

california chrome's picture
  • HALF OF US SHALE DRILLERS MAY GO BANKRUPT

"Half of the current producers have no legitimate right to be in a business where the price forecast even in a recovery is going to be between, say, $50, $60. They need $70 oil to survive,"

Mark Mywords's picture

Double that number and I will be happier than a lark.

tarabel's picture

 

 

And I hope whatever industry you depend upon also loses 3/4ths of its workforce.

Mark Mywords's picture

I've worked in at least seven different industries in my time. I always land on my feet because I am practical and can offer a wide array of services to a given employer, no matter the industry.

Please - troll harder next time.

tarabel's picture

 

 

They always lay off the least useful first.

Mark Mywords's picture

IF you make yourself useful, they won't lay you off.

Key point.

Countrybunkererd's picture

here it comes... or not.  This time is different, but maybe not.  GO DOWN ALREADY!  I really want to meet the neighbors around me after all the years, no not really.

california chrome's picture
  • Supreme Court Rejects Student Loan Bankruptcy Case January 12, 2016

    The U.S. Supreme Court on Monday declined to hear a case on whether people declaring bankruptcy should have an easier time erasing student loan debt in the process, The Wall Street Journal reported. The case was brought by a Wisconsin man with more than $260,000 in student loan debt from business and law school. He twice failed the bar exam. The man argues that lower courts should have allowed him to discharge his debt through bankruptcy. Generally, federal courts have made it difficult to do so, although a few courts have been more lenient.