WTF Chart Of The Day: Dow Soars To 2016 Highs As Earnings Crash To 11-Month Lows

For the first time in 2016, The Dow Jones Industrials Index is back to unchanged (17,424 vs 17,425 2015 close).

 

Dow briefly touches unchanged...

 

But Dow Transports are the big winner, exploding today to over 5.3% gains for the year...

 

But then again, there is this...WTF!!

These are the lowest earnings expectations since April 2015.

Who needs "mother's milk" anyway when you have The Fed, The ECB, The BoJ, and The PBOC??!! What a total farce!