Sometimes you just have to laugh...
The Good - faith in this chart as being in anyway sustainable seems to beggar belief...
The Bad - especially as markets are already well into the 'Euphoric' stage of the cycle...
The Ugly - but firms have never (ever ever ever) been so downbeat in their guidance for the future...
So - you BTAFTH? The Shell game continues...
Source: Tobias Levkovich of Citi



