About those stock market fundamentals…

Here are three major signs the coming quarter for corporate earnings is going to disappoint investors:

1) Companies’ forward guidance for the quarter has been the worst Reuters has ever recorded, “by a wide margin.”

2) Companies’ negative pre-announcements regarding the coming quarter’s earnings have outpaced positive ones by a factor of 11, the highest negative ratio Strategas has ever recorded.

3) The latest GDP report showed massive inventory building while real final sales fell below 2%, a level that has marked the beginning of every recession over the past 50 years:

screen shot 2013-12-20 at 7.24.48 amvia Business Insider