by Tyler Durden
While everyone loves a good inspirational movie - Rudy
(every underdog has his day), Field of Dreams
(if you build it they will come), Million Dollar Baby
(be relentless);
it is a somewhat sad reflection of reality that in fact - hope and
trying hard is simply not enough (especially when you are a
debt-saturated global economy). Two data points highlight this better
than any others. Today we see
wholesale inventories relative to sales at multi-year highs
(aside from the great recession's peak) - having risen for almost two
years now as we have built 'stuff' but the buyers just haven't come. And
to rub a little more salt into the eternal optimist's wounds, it
appears that
Small Business Optimism has continued its divergence from equities (which notably saw stocks crash the previous two times).
Equities remain the hope-driven liquidity-fueled home of the
algo-optimist while all around struggles '300'-like with economic
reality.
Are stocks about to have their "I see dead people" moment?http://www.zerohedge.com/news/2012-12-11/we-built-it-they-did-not-come
Posts
No comments:
Post a Comment