Train Wreck: An Earnings Season Update (And Why Stocks Are Crashing)

02/19/16 09:09AM EST

Train Wreck: An Earnings Season Update (And Why Stocks Are Crashing) - earnings cartoon 01.27.2015

So... the Train Wreck most causal to stocks crashing?

> Earnings <

*Note: 7 of 10 S&P Sectors have negative y/y earnings - the narrative that its all Energy = lie

 

Train Wreck: An Earnings Season Update (And Why Stocks Are Crashing) - earnings update

A question every investor should have the answer to right now:

https://twitter.com/KeithMcCullough/status/700663528747900928

Here's where we're at on the Old Wall: Ex-out whatever doesn't fit your narrative - high quality journalism.

And here's the year-to-date reality.

Train Wreck: An Earnings Season Update (And Why Stocks Are Crashing) - sector performance update

We've been clear as crystal about what we think: Markets are headed for a crash. (Watch the video below.)

https://youtu.be/efvLRwcW1W4

Sure, ex-financials the Dow Bro isn't down as much YTD. But that's not risk management. That's fantasy.

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