Sometimes one just needs to step back and think, as opposed to getting caught in the eye-twitching idiocy of the JPY-driven ticks in the US equity market day-in and day-out. The following 3 charts may just be that wake-up call that all is not quite as rosy as we are being told and that hope is not a strategy…
The Ugly – US Earnings Expectations have collapsed… (looks like more than a short-term weather thing, eh?)
The Bad – Short-Term US GDP Expectations have collapsed… (must be the weather, right?)
The Good – Medium-Term US GDP Expectations have soared… (what goes down, must bounce back up?)
Because there must always be hope that pent-up-demand, or magic unicorn tear sales will flourish and escape velocity (weather or no weather) will resume as per your local programming.
Do you believe in hockey-stick growth miracles?
h/t @Not_Jim_Cramer
via Zero Hedge http://ift.tt/1kbdyBz Tyler Durden