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Just Two Charts

By Tyler Durden
Created 12/06/2013 - 20:37
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 12/06/2013 20:37 -0500



 

"Earnings" matter... until they don't. What's wrong with these two charts?

 

EBITDA -7% from previous peak...

[2]

 

S&P 500 nominal price +15% from previous peak...

[3]

 

Still think stocks are "cheap" compared to the last cycle?

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2013-12-06/just-two-charts

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/12/20131206_EBIT2.jpg
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/12/20131206_EBIT3.jpg