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Consumer Confidence "Expectations" Lower Than During "Recession"; Fifth Largest Drop Ever

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Fri, 03/25/2011 - 10:57 | 1099477 bob_dabolina
bob_dabolina's picture

I have to go to the toilet and take a Ben Bernanke


Fri, 03/25/2011 - 11:14 | 1099579 themosmitsos
themosmitsos's picture

Irrelevant. You cant eat expectations

Fri, 03/25/2011 - 11:42 | 1099726 Harlequin001
Harlequin001's picture

that's so bullish it's unbelievable...

Fri, 03/25/2011 - 11:50 | 1099768 Josh Randall
Josh Randall's picture


I shall replace my phrase "take a Shattner" with "drop off the Ben Bernanke at the pool"

Fri, 03/25/2011 - 10:59 | 1099480 RobotTrader
RobotTrader's picture

Meanwhile, the Algo/Igor/Robos are panicking and now going long, after last week's decline has been erased.

And all the CANSLIM mo-mo junkies, after downing a 40 oz. can of Red Bull, can't believe their eyes as PCLN and other "market leaders" are powering up towards $500/share.

Fri, 03/25/2011 - 11:01 | 1099495 SheepDog-One
SheepDog-One's picture

Glad Im not holding any of that garbage for the coming no-warning complete wipe out of it all.

Fri, 03/25/2011 - 11:05 | 1099523 Caviar Emptor
Caviar Emptor's picture

Yup: Paper economy up, real economy down. 

That's biflation, baby. Look for more of the same.

Lotsa Luck!

Fri, 03/25/2011 - 11:16 | 1099583 Careless Whisper
Careless Whisper's picture

well, today is day 5 and where is that court ordered federal reserve list? oh wait, the market is still open. but then again, any surprises may be bullish.

Fri, 03/25/2011 - 11:20 | 1099609 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Where's Wikileaks' files on Bank of America? Julian said they would be released Q1 2011... so where are they?

Fri, 03/25/2011 - 11:30 | 1099659 Careless Whisper
Careless Whisper's picture

maybe an overpaid, global corporate book deal changed his mind.


Fri, 03/25/2011 - 11:48 | 1099756 Cleanclog
Cleanclog's picture

Wikileak files washed away in Tsunami that market suggests never happened.  

There was no disaster in Japan and no disruptive skirmishes in MENA according to equity indices. Only in energy and food do you see glimmers of reality.

Fri, 03/25/2011 - 12:22 | 1099933 Ray1968
Ray1968's picture

What is up with all the tittie avatars?

Fri, 03/25/2011 - 12:29 | 1099973 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Dude, this is ZH.

Fri, 03/25/2011 - 12:40 | 1100050 redpill
redpill's picture

Shush, tits are bullish

Fri, 03/25/2011 - 11:22 | 1099627 I am more equal...
I am more equal than others's picture

I like that term - biflation.  What's going to happen is the conflagration of all that paper when reality hits the fan. Biflation Conflagration or BC - we're heading to conditions that existed 2000 BC.  Slave labor on the way. 

Fri, 03/25/2011 - 11:54 | 1099793 NumberNone
NumberNone's picture

This is staggering.  The few humans left on the trading floors must be sitting back in amazement, envy, or disgust at the paper gains the machines make for themselves on a daily basis. 

Stupid humans would have clogged the gears with their thinking and 'concerns'.  But not a robot!  Those mofo's just chug along driving everything up no matter what the news.

Fri, 03/25/2011 - 11:02 | 1099481 TruthInSunshine
TruthInSunshine's picture



Everything is bullish!

Middle East in non-stop wars?

Japan on fire?

Real UE of 20% in U.S. and higher in many parts of Europe?

Record deficit spending and debts?

37% of Retirees with $0 in the bank and 64% with less than 100k?


03-25 10:39: Tepco says water at Fukushima No.1 reactor highly radioactive
New Home Sales

1963 population: 190M
Today: 310M

1963 new home sales: 560K
Current pace 2011: 250K
(Worst year ever was 2010 @ 323,000)


I love the smell of denial and absurdity in the air, but even more so than in 2007!


Fri, 03/25/2011 - 11:08 | 1099549 traderjoe
traderjoe's picture

Dow what up 80? Everything is bullish... 

Fri, 03/25/2011 - 11:12 | 1099571 yabyum
yabyum's picture

END DA' FED, With all that good news, no wonder the markets are up! Crazy times.

Fri, 03/25/2011 - 11:22 | 1099629 SheepDog-One
SheepDog-One's picture

I conclude theyre picking a fight, trying to get people to riot.

Fri, 03/25/2011 - 13:10 | 1100183 MarkTwain00
MarkTwain00's picture

37% with $0

64% with <$100k

101% total


and you are missing the very small but still a % that is retiring with some chedda


not sure of your sources but you might check again



Fri, 03/25/2011 - 10:58 | 1099486 assumptionblindness
assumptionblindness's picture

Consumer confidence is in the tank while trader confidence continues to soar.  Nothing says delusion like the stock market.  Bad news obviously means QE3 or bust!

Fri, 03/25/2011 - 11:02 | 1099515 SheepDog-One
SheepDog-One's picture

By 'traders' I guess youre refering to some robots and Bernanke's cntrl/print fat finger?

BTW I dont see what all the hoopla is about myself, DOW is around 12,200, inflation and purchasing power adjusted its a huge snoozer and stuck at 1999 levels. Really whats the big deal?

Fri, 03/25/2011 - 11:31 | 1099664 assumptionblindness
assumptionblindness's picture

By "traders" I am referring to the carbon based life forms who make decisions based on the "don't fight the Fed" paradigm.  This only means that the "traders" know what the robots (algos) are going to do and make their trading decisions accordingly.  

I confess that I just can't stand hearing the pundits continue to talk about this "bull market."  We have a bullshit smoke and mirrors market (QE, FASB rule changes, TARP, FNM/FRE, etc.) concealing a depression-style bear market...this is a house of cards market and it pisses me off that it can't be shorted! 

Fri, 03/25/2011 - 12:14 | 1099901 downwiththebanks
downwiththebanks's picture

All that matters is corporate profits.  It's perfectly sensible that PRECISELY those things killing consumer confidence - the utter failure of the private sector to produce jobs, the stripping away of benefits by scabbing politicians, foreclosures - boost profits and thus the market.

Fri, 03/25/2011 - 12:36 | 1100013 John Law Lives
John Law Lives's picture

What a world that will produce.  CEOs and banksters and politicians will all line their pockets as 50% of the world starves to death.

Fri, 03/25/2011 - 10:58 | 1099488 nobusiness
nobusiness's picture

Markets surge on the news.  Jim Cramer to report "Expectations must be close to a bottom"

Fri, 03/25/2011 - 11:06 | 1099540 Jason T
Jason T's picture

We're spending $1.5 trillion more that we take in!  We have not even begun to fell the pain that is to come.  

Fri, 03/25/2011 - 12:24 | 1099932 downwiththebanks
downwiththebanks's picture

How much of that is debt service to the TBTF banker-gangsters?

The whole 'debt' issue is a gigantic bluff.  Time to call the banker-gangsters on it and leave them pissing in the wind.

I remember when George Carlin likened "servicing your account" as stealth anal rape.

Sort of like those who "manage risk," actually.

Fri, 03/25/2011 - 12:36 | 1100027 John Law Lives
John Law Lives's picture

Congress doesn't have the guts to make deep and significant cuts in Social Security, Medicare and Medicaid.  The Fed will keep subsidizing their reckless spending with a near-ZIRP policy.  The debt will continue to explode until someone hits the reset button.

Fri, 03/25/2011 - 12:45 | 1100069 downwiththebanks
downwiththebanks's picture

These cuts are unnecessary, not to mention genocidal.  They simply need the guts to tax corporate profits and derivatives instead of telling working people to eat cat food and tree bark.

Fri, 03/25/2011 - 13:30 | 1100254 John Law Lives
John Law Lives's picture

<<<  These cuts are unnecessary  >>>

You might want to do some more research.  The unfunded future liabilities in SS, Medicare and Medicaid far exceed the total national debt right now.

Fri, 03/25/2011 - 16:58 | 1101169 ParisianThinker
ParisianThinker's picture

How about a progressive income tax? How about a progressive inheritance tax? How about a system that is for the majority instead of the few?

Social Security is paid for by each worker.

Why not tax all income for Social Security rates without limit?

Stop the lying, stealing, cheating, and killing machines.



Fri, 03/25/2011 - 11:02 | 1099502 Spalding_Smailes
Spalding_Smailes's picture

The big dogs must be missing something .....

The first quarter is set to be one of the busiest ever for investment-grade corporate bond issuance, with $126.6 billion in deals sold so far in 2011, according to data provider Dealogic. Meanwhile, the amount of high-yield corporate debt sold so far this year is on track to be the second-busiest quarter since Dealogic began tracking the information in 1995. Investors' thirst for higher-yielding assets than Treasurys, as well as companies' generally stronger performance, are factors behind the deluge of debt.

The U.S. commercial paper market grew again on both a seasonally adjusted and unadjusted basis in the week ended March 23, according to Federal Reserve data released Thursday. Growth in this market indicates strength in the economy as companies use it to fund daily needs such as paying employees and landlords and stocking up on goods for sale.


Fri, 03/25/2011 - 11:17 | 1099591 Sophist Economicus
Sophist Economicus's picture

They're missing nothing.   This is the best to be issuing bonds!   Float them to da suckers while rates are low and pump up your liquidity for tough times ahead.   I have a few friends that are CFOs - they are so relieved to have liquidity locked-up.   They're NOT using it for upgrades/capital expansion.   These are rainy day funds

Fri, 03/25/2011 - 11:29 | 1099662 alien-IQ
alien-IQ's picture

they're also using the funds for bonuses...and jets...and hookers...and cocaine...and booze...and corporate junkets for self-congratulatory circle jerks with the occasional break for the appointment with the 18 year old Asian masseuse.

it's good to be king...until that whole "guillotine" thing goes mainstream...but that's down the road. live for today.

Fri, 03/25/2011 - 11:39 | 1099714 buzzsaw99
buzzsaw99's picture

take a dump

take a bonus





Fri, 03/25/2011 - 11:44 | 1099727 ElvisDog
ElvisDog's picture

Problem is the "guillotine thing" really doesn't happen very often. French revolution was 1789. With the possible exception of the Russian revolution in 1917, the rich and powerful don't get guillotined by the masses but instead continue with their pampered and privileged lives until they die comfortably in their beds.

Fri, 03/25/2011 - 16:59 | 1101173 ParisianThinker
ParisianThinker's picture

This is what life is about under your system? What productive person would even want that?

Sat, 03/26/2011 - 09:10 | 1102581 overmedicatedun...
overmedicatedundersexed's picture

Parisian--so you support the tape worm gestalt.

a parasite sees the world so very differently than the host.

Fri, 03/25/2011 - 11:16 | 1099596 buzzsaw99
buzzsaw99's picture

TBTF has made corporate bonds every bit as safe as treasurys.

Fri, 03/25/2011 - 11:03 | 1099506 Long-John-Silver
Long-John-Silver's picture

The "Second Dip" has started and everyone knows it.

Fri, 03/25/2011 - 11:04 | 1099514 reading
reading's picture

So if we have a level 7 nuclear meltdown over the weekend, we should be +1000 on the futures (S&P that is) my 7 am monday...

Fri, 03/25/2011 - 11:05 | 1099531 the not so migh...
the not so mighty maximiza's picture


Fri, 03/25/2011 - 11:20 | 1099617 alien-IQ
alien-IQ's picture

naturally. nuclear meltdown is uber-bullish. topped only by an asteroid strike which is bullish to the 10th power x infinity squared.

Fri, 03/25/2011 - 12:29 | 1099980 vas deferens
vas deferens's picture



Fri, 03/25/2011 - 12:40 | 1100043 John Law Lives
John Law Lives's picture

You could ratchet up the "broken window" theory to the "broken Earth" theory.  Mint Juleps for everyone!

Fri, 03/25/2011 - 12:44 | 1100072 redpill
redpill's picture

Finally it comes to light that the lyrics to Tool's "Aenima" is not really about Los Angeles being sucked into the ocean, but rather is hope and praise for Keynesian economic theory.

Fri, 03/25/2011 - 11:03 | 1099518 10kby2k
10kby2k's picture


Even bonds won't sell off. Insane.

Fri, 03/25/2011 - 11:06 | 1099529 reading
reading's picture

I'd go as far to say, a little creepy actually. makes you wonder what the hell is going to happen next.

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