The Four Scariest Charts For Hope-Filled 'De-Cuppers'

In a follow-up to last week's deep dive on the end of the US CapEx boom (and the possibility that the Fed is out of bullets) and the growing hope once again that the US can remain the 'decoupled' least syphilitic-hooker-in-a-whorehouse, we thought it useful (given this week's somewhat disappointing reversion to reality in macro data and markets) to highlight four clear un-decoupling indications. From Economic Surprise Index similarities between Europe and the US, to record negative pre-announcements and fading US CapEx growth rates, the reversion in US manufacturing and new orders data to Europe's (and Asia's) sad reality is not going to be 'saved' by the supposed housing recovery - as we noted here earlier. With credit and FX markets already signaling a hope-less market, we wonder how long before stocks catch-down (and the 'De-Cuppers' smell the napalm).

1. The US Economic Surprise Index and the European Economic Surprise Index have recoupled perfectly and are tracking lower together...

2. Negative Earnings Pre-Announcements Are at Multi-Period Highs... (and S&P 500 EPS consensus down 3% from the start of the year)

3. Large high-quality US non-financial firms are 'unconfidently' slowing their CapEx spending as growth rates are rolling over notably...

4. And after a 'warmth'-inspired Spring, US manufacturing is reverting rapidly to Europe's sad reality with New Export orders plunging...

But, as Monty Python might say, apart from all of this - what has the 'bull' market got ahead of it for you.

Source: Bloomberg, Citi, Morgan Stanley, Goldman Sachs

Comments

[LoneStarHog]

Yes!  I like those D Cups and larger!

[TrainWreck1]

I love the sight of D-cups in the morning...

[TruthInSunshine]

Hunger Strike

by:  The Best Friends Forever of Fractional Reserve Central Banks

We don't mind
Stealing Bread
From the mouths of taxpaying malcontents...

But we can't feed on those malcontents
Unless our cups are filled by Bernank's sacrament

But it's on the table,
The globally coordinated QE/TARP/TALF/ZIRP-NIRP's cooking

Our politician 'friends' are farming babies,
and the slaves are all working...

Blood is on the table,
the mouths are chokin'...

So that we won't go hungry...

[Kitler]

Once again the angry mobs at Zero Hedge are completely missing the true nature of the wonderful "Works of God" that Messieurs like Bernanke, Dimon, and Blankfien have selflessly embarked upon.

Mark 10: 25

²⁵ It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.

Sure... Ben, Jamie, Lloyd and others will almost certainly die wealthy beyond all imaginable belief... but they do so only to help their Christian bretheren impoverish themselves into a better afterlife in Heaven.

And let's be fair... they've done wonders for the other American dream of home affordability haven't they?

[flacon]

Don't forget that they will throw their worthless silver and gold (SLV, GLD) into the streets, meanwhile the GOD ORDAINED MONEY (Silver and Gold) will be saved. 

[0z]

Go back to your books.

[Clayton Bigsby]

Aside from that, how did you like the play, Mrs. Lincoln???

[MeelionDollerBogus]

Boob Map Of The World Shows Biggest Boobs In The World, Breast Size By Country

[Killtruck]

Well, I don't care what you think...I say it's bullish.

[risk-reward]

Hope there is a "sarc" there....

[sunaJ]

My beef, poultry and vegetable production has gone up 1000% this year, though I do not have it graphed.  It was a steep learning curve after coming from an hourly-waged government job, but what else can you invest in nowadays?

[francis_sawyer]

Was the "sourcing" of Bloomberg, Citi, Margin Stanley, & GS for the charts, or the Monty Python quote?

[moroots]

yes

[TruthInSunshine]

-

This "market" not pinin'! 'E's passed on! This "market" is no more! It has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life, 'e rests in peace! 'Is metabolic processes are now 'istory! 'E's off the twig! 'E's kicked the bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisibile!! THIS IS AN EX-MARKET!! IT'S BEEN BERNANKE'D!!!!!!!

[Dr. Richard Head]

You and your charts of thuthiness. 

[mrktwtch2]

god help us if we get 4 more years of bam bam..

[sunaJ]

Don't you get exhausted from such partisan thinking?  What is your salvation, Mittens?  One person is not going to fix this mess anymore than one person caused it. 

[semperfi]

Romney = shot in the nuts
Obama = shot in the face

chose your poison

[old naughty]

so rom-bama is nut-face?

[RobotTrader]

SPY still making new highs priced in foreign currencies:

http://stockcharts.com/freecharts/candleglance.html?spy:FXE,spy:FXY,spy:...|D

GLD is way underperforming in most all currencies except the Swiss Franc

http://stockcharts.com/freecharts/candleglance.html?GLD:FXE,GLD:FXY,GLD:...|D

Foreign investors are still enamoured with U.S. big cap stocks, they are not so enthusiastic about gold.

[francis_sawyer]

http://www.youtube.com/watch?v=rooPPLtK9pg&feature=related

[Likstane]

How could anybody junk that?

[somethingisrotten]

SPAM

[akak]

Give it up already, Tyler(s) --- nobody is buying this inane pseudo-troll schtick of your sockpuppet "RobotTrader" any more.

If you want to solicit a greater number of comments from readers here, try doing it with intelligent provocation rather than with puerile antagonism.

[francis_sawyer]

I kinda like the puerile antagonism...

~~~

http://www.youtube.com/watch?v=vjWebKavfuI

[GoinFawr]

So spaketh Akak The Oxymoronic: Master of all that is Baiter.

[MeelionDollerBogus]

SPY isn't doled out in foreign currencies - your metric is nonsense.

Price SPY in US dollars or using commodities which are universal like oil barrels or cubic feet of natural gas (or cubic meters) or gold ounces but not foreign currencies. I don't price the British market in US dollars because you CAN'T price it that way.

SPY ETF is smashing down & will smash down more very soon. Best thing to do is load up on at-the-money or 2 $ above Calls for VXX with > 45 days (fairly good) and greater than 70 days (very smart). VXX will rise fast and SPY will smash into the dirt.

You should be expecting SPY down around 110 to 120 very soon.

It's also very likely time for GLD calls to be used. Watch a week.

http://flic.kr/p/cgMBFo - this is how gold's moved and the ratio is 10.3$ move on gold spot = $1 move on GLD shares.

[slaughterer]

Can ES catch a bid on some 3:30pm EuroRumor, or are those days long gone?

[Stock Tips Inve...]

Thanks for this post, which I think is very good and timely. I think the chances of facing a crisis is growing every week. Europe is doing a bad job and probably will suffer the greatest consequences. But the effects on the U.S. economy may also be very serious. In my opinion, the most sensible thing is to prepare to address this and try to benefit as the market will have great movement.

[Vincent Vega]

I must admit, had someone asked me to use the word 'syphilitic' in a sentence I would have been in trouble. ZH is the best!

[janus]

pssstshaw!!! dat's nuthin.

in fact, janus once contracted gono-syphi-hepat-AIDS from a hooker on the out-skirts of rhoda, spain.  and that's a hell of a lot better than using it in a sentence.

i know what you're thinking; and, no, i only passed it along to a limited few.  it was all cleared up rather accidentially...sort of one of those serrendipitious scientific breakthroughs.  you see, at the time i was investigating various cures for boredom; and i just so happened to be experimenting with bourbon.

wouldn't you know it, the only known cure for that pernicious and pestiferous plague of the prostitute is none other than wiskey...gallons and gallons of wiskey.

i know, i know...but it's all in a day's work for your's truly.  some started taking to callin me jonas saulk and such -- but you can call me janus.

http://www.youtube.com/watch?v=b-aoChhfHkQ

you have no faith in medicine,

janus

[StychoKiller]

You ever see Hap' Shaugnessy on "The Red Green Show"?

[Let them eat iPads]

Bring out your dead!

[janus]

janus saw a scary-lookin chart last night...

looked like a bowel-loosening -- terror-infusing -- nervous breakdown-inducing double-top for APPL.  now, janus is no expert tech analyist...but this looks like a textbook double-top to me.  check it out if you doubt.

anyway, it had huge, sharp, nasty, pointy teeth!

LOOK,

http://www.youtube.com/watch?v=QM9Bynjh2Lk

i soiled my armor i was so scared,

janus (i warned you...it's always the same)

5...3, sir...right, 3.

bring out the holy handgrenade...

consult the Book of Armaments...

and that with it thy may blow thy enemy to tiny bits, in thy mercy/

and The Lord did grin/

and the people did feast upon ...(lots of fleshy bits)/

...3 shall be the number thou shall count/

...who being naughty in my sight shall snuff it/

1...2...5...3, sir...3.

right,

555

[Red Heeler]

Are we pustulating yet?

[SmoothCoolSmoke]

Ahhhhh.  Made it to Friday.  Fooled the Mofos AGAIN!  48 hours of good wine, excellent tobacco, and all the orgasms the wife will dish out.

[janus]

i like your style, dude...

http://www.youtube.com/watch?v=hnLweMNQoiE

and, cheers to all our 'special-lady-friends':

http://www.youtube.com/watch?v=XWzlnYpLlgI

that's right! (but, only problem is, they drink and throw like girls),

janus

[Hype Alert]

Hope has changed.  These charts sum it up pretty well.

[surf0766]

Off topic but looking for info. Where can I find the total lending by Fed Financing Bank to Ford?

[MeelionDollerBogus]

I think we call that "audit the fed"

[RobotTrader]

New highs today for the high yield muni-bond ETF:

http://www.wallstreetbear.com/board/view.php?topic=102936&post=374596

The lower interest rates go, the higher the "Animal Spirits" to fuel future rallies.

8 consecutive months when the average 10-yr. Treasury Yield has been under 2%

[ATG]

Right on schedule RT;

Lower interest rates can also mean less economic activity with more debt default deflation and lower equity prices:

http://richcash8tradeblog.blogspot.com/

MUB is targeting +39%:

http://stockcharts.com/freecharts/gallery.html?s=mub 

[somethingisrotten]

SPAM

[asteroids]

Robo: I love you, but we are down almost 5% from the April high. The retail ETF's sound like hot/stupid money. Should the market fall another 5%, would those ETF's fall like a stone?

[akak]

Give it up already, Tyler(s) --- nobody is buying this inane pseudo-troll schtick of your sockpuppet "RobotTrader" any more.

If you want to solicit a greater number of comments from readers here, try doing it with intelligent provocation rather than with puerile antagonism.

[GoinFawr]

So sayeth Akak The Oxymoronic: Master of Baiters

[riley martini]

Nothing says animal sprits like buying insured muni bonds at record low yield . Good one.

[MeelionDollerBogus]

broken market

http://www.rollingstone.com/politics/blogs/taibblog/notes-on-wall-street...

DO NOT TOUCH. The entire bid-rigging scandal will send MUNI bonds into the garbage heap

[johny2]

all is for the best in this best of all the possible worlds.....

[J 457]

OK, but global coordinated % rate cut and NIRP in EU will leave money without a home- where will it go?  My guess, US equities, commodities, PM, and real estate.

[MsCreant]

OT

I was just looking at the tax code. Did you know that if you get a bribe you have to report it as income? See page 31, middle column, towards the bottom of the page. I'm serious. LMAO, but serious.

http://www.bankrate.com/finance/taxes/forms/irs-publication-525.aspx

[janus]

i was just lookin at your ikon and realized it's been way too long since i've flirted with you, MsCreant...

how's bout some southern-fried-rock & roll?

http://www.youtube.com/watch?v=Ft-J72YnMFI

how've you been, sugar?  i've missed ya.

http://www.youtube.com/watch?v=tnJlhBGMiis

hell, i think i'll dedicate a funky-friday-afternoon groove to MsCreant...smokin!

http://www.youtube.com/watch?v=It7107ELQvY

http://www.youtube.com/watch?v=MA_ode55DFA

http://www.youtube.com/watch?v=dA5ser7Qgx0

http://www.youtube.com/watch?v=5zYOKFjpm9s

okay, one more...you know, set the mood all proper-like:

http://www.youtube.com/watch?v=MmZexg8sxyk

this is what the world is for/

makin electricity,

http://www.youtube.com/watch?v=jWxPl4izlas&noredirect=1

[GoinFawr]

 More OT, but it ought to hearten all the 'Libertarians for the Further Deregulation of the Banks':

It looks like Mr.Flaherty of O Canada is about to give their banking institutions a new set of shears and some more rope with which to tie up the sheep while they fleece them:

http://www.theglobeandmail.com/globe-investor/ottawa-sets-new-rules-to-settle-consumer-complaints-against-banks/article4394629/

Congratulations LFDB, you can chalk up another pyrrhic 'victory'! Woo hoo!

Meanwhile, the call centers of credit unions canuckistan-wide were swamped with inquiries...

[Clashfan]

No, this is even scarier. Look at the size of this strapon. What is this Bloomberg reporter/hottie going to do with this thing? Seriously?

http://www.dailymotion.com/video/xquxle_reporter-caught-off-guard-with-s...

Wow. Really? Wow.

[Clashfan]

Of course, every "conspiracy" needs an "official explanation." Here it is:

http://www.allvoices.com/contributed-news/12173898-news-anchor-sara-eise...

First, the other reporter's mic was malfunctioning, not Sarah's. Second, do they really believe that readers would think that she would have a microphone between her legs or have to hike up her skirt to fix it? Third, the piece mentions nothing about a strapon, which this image clearly represents. Of course, the piece offers no image.

It's important why? Because it shows how blatantly the mm lies. Can you not see it? The chick got caught playing with a strapon, and the spin is utterly ridiculous.

[MeelionDollerBogus]

LULZ. That is 100% a shiny black strap-on dildo. Pics are everywhere. bi #winning

[q99x2]

Everyone knows the market is on a random walk. Past performance is not indicative of future returns. There's been green shoots and a U shaped recovery along with a European decoupling. QE has proved time and again the effectiveness of FED monetary policy and the strength in the major banks may be witnessed by their growth since the crash of 2008. There's a larger number of baby boomers retireing and 80,000 new jobs is plenty to support the declining population. Improved weather started the season off to a productive Spring followed by record corporate profits. Remember this is an election year when the market is all but guaranteed to return 8% or more.

Haven't heard from Hammy for quite some time. I couldn't resist.

[MeelionDollerBogus]

Thanks for using MDB-sarc (tm)

Past performance when properly analyzed FREQUENTLY determines future activity.

2012 06 18 277week roc 02 goldpricemodel 2011 Jan to 2012 Dec 28

2012 feb 06 gold price model 277 wk ROC | goldpricemodel | prediction 2012

2011 dec 27 gold 01 | goldpricemodel | 277 week ROC visual confirmation

2012 05 11 gold 277 week ROC goldpricemodel

gold price models upside & downside 2012 Jan 27

I can do it, there's no reason others can't.

[shutupnsing]

Eat your meat!

http://shutupnsing.wordpress.com/2012/07/07/scaling-the-wall-with-tyler-roger/