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Did Someone Just Break The Consumer Confidence Embargo?
According to crossing headlines, US Consumer Confidence per the Conference Board, which was expected to print at 10:00am, has come out at 58.5, on expectations of 61.0 and down from 61.7. It is unclear if this is due to an embargo breach, but this is the number for what its worth. Not even the HFT algos could front run a fully leaked number. The index components were worse on both counts: present situation was down from 39.3 to 37.6, while expectations dropped from 76.7 to 72.4. Naturally, this number only has an impact on the market when it show improvement so the embargo break will likely be promptly forgotten. Visually, the Hopium is now empty: the expectations index is now back to October 2010 levels... And levels first seen in Q2 2009.
General Collateral at 1 basis point is only adding to the fun.... THE FUN
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Shit is clearly broken.
Clearly not - the equity markets are up today
...and my shit is clearly not broken, per above image
+1 LMFAO
1. Yuck. 2. Interestingly related - Banks appear to be in the process of shitting the bed, regardless of today's retard rally.
Yep...no problem with collapsing bank shares. Funny..."we're up" is the call on the BlowHorn, of course, with its very selective vision.
In the meantime, and for you day traders out there, check out just how over extended the abomination of an ETF the XRT is today. Per usual, this means that criminal syndicate Wall Street bankers everywhere are selling the shit out of consumer discretionary stocks...which should commence a considerable reversal shortly.
'We're UP'...to DOW 12,100 which is about where the market has been avg over the last 7 months, yet people are impressed.
Guaranteed the consumer crap stocks Robo is so enamored with are getting the massive pump and dump right now, the criminals want out at the top. All CNBS is blathering about is $7 coffee and $8 burrito and $300 leotard stocks....just stupid.
The destruction of the market's integrity and credibility is a thing to behold as syndicate banker desperation rises for another algo rally, much to the apathy of real capital.
Today, the REITs are the chosen group to try to hold up the financial segment of the market, which only means it will be the last group to roll over on a market reversal...which should suggest that they are the right group to sell at the close.
Dog, I never thought I'd see this day, central planners, money printers, and fascist everywhere...and the impeding and obvious collapse of all confidence in these entities. It is happening right now, with each tick, with each irrelevant story blathered about on the BlowHorn [CNBC], with each stupid hot momo idea suggested, algo'd, and dumped in a perpetual bullshit loop.
The entire picture now is entirely and irrevocably fucked.
"But of course".
Fancisco D'Ancona
WTF...somethings up here
Should be good for a 500 plus rally
No shit! Already up $68 and headed to the Mooon! Alice!
Fundamentals?! Fundamentals?! We don' need no stinkin' fundamentals!
Also, in bizarro world, the guy who released those numbers early is getting the rest of the year off and triple bonus.
Fundamentals don't matter for much anymore. Window dressing at it's best for the remainder of the week.
Where is the deer in headlights? How can this happen?
Not required. This managed to just goose futures 5 pts.
The consumer isnt confident? Looks like its time to call in the tanks and helicopter gunships....the beatings will continue until morale improves above expectations.
Allow me to explain - it complicated. It goes like this see, bullshit good news is good and truthful bad news is no news at all. Keep those simple rules handy and everything will start to make sense.
Allow me to explain - it complicated. It goes like this see, bullshit good news is good and truthful bad news is no news at all. Keep those simple rules handy and everything will start to make sense.
The housing number looks just as good. Obama is doing a great job. lol!!
Connection problems "503 service" Sorry to all
Right. We're all Keynsians when the numbers are good and we're no longer Keynesians when the numbers are bad.
Connection problems "503 service" Sorry to all
New highs for LULU.
Wow....the consumer is insatiable.
Thanks for the mass junkfest Robo...never happens till you show up.
One man's junk is another man's treasure. Or something like that.
IYR not feeling the love.
LULU will save us all.
Connection problems "503 service" Sorry to all
How will Bloomjerk spin this?
"US Stocks Advance as lower than expected Consumer Confidence Data comes out early in Error"
So sad about Bloomberg, a few years ago they were pretty damn good! Now its a race to full retard between them and CNBS.
Those were my thoughts too... listening to that retard with the bow tie try to pump this bullshit makes me sick... caused me to go on to think that that poor soul that won the law suit against the fed probably died from the stress of his boss trying to stop him. I'd be curious to know if or what pressure bloomy put him under to not push the issue. I'd like to think he told them you can take this job and shove it up your ass, I don't need you!! If he did, they certainly could never admit that that's for shit sure.
Im starting to shift toward your thinking about bbg tv...def good a few years back...however, if you stream it there are no commercials
don't leave out the muddickieroonie BS machine.
Never forget a fortune can be made with tabloid toilet papers chasing cars, innocent sex, and half-truths into hard places and tapping phones.
We have learned a lot...imaginary numbers don't lie and people can be told anything and believe it if it comes from on high experts.
The Conference Board must have really bitten their collective nails to have the guts to print this. When is the last time you saw bad numbers from this 'paid to play it again Sam' bunch?
Cuts to social security will improve consumer confidence. lolololololol
Double post, had some connection problems "503 service"
Is there really a need for you to repeatedly post the same thing over and over in a thread? It is rather annoying, and I can assure you no one appreciates you voicing your idiocy.
Im sure it was just an accident...remember folks, just hit 'save' 1 time.
Sorry, I just edited all the repeated posts, It was due to some connection problems, just when I posted, then page refresh got it to repeat many times.
No need to call me an idiot.
ditto
Right. We're all Keynsians when the numbers are good and we're no longer Keynesians when the numbers are bad.
El Rampo Goes Offffff!
Connection problems "503 service" Sorry to all
Que Bono?
Numbers released before there are scheduled to be ?
Oops, that was supposed to go to insiders only.
And the DOW spikes +100 in 60 seconds...just a damn clown show at this point.
The daily graveyard shift of the ppt spent so much effort propping up the /ES in the early morning hours that they decided let it leak early and catch all the would be sellers off guard. They can battle the sell volume much better when it dosn't come in big waves.. or so I would guess.
my confidence is soaring as I see more" going out of business "signs along the city streets.
Another day, another massive market rally.
WOW yea 'massive rally' to DOW 12,100, where we've been for 7 months avg!!
Croc algo on the EURUSD, freaking ridiculous.
We heard it 10 minutes before the early release - all good
Poor gold bugs must be pulling their hair out.
Greece is on fire and on the brink of default and everyone is selling yellow rocks today.
There is some market talk of some EU central banks selling gold and going long EUR, so they can participate in the Greek bailout, but it doesn't make a lot of sense, or does it?
Too bad. Heard your mom was in the market for some white rocks.
I sorta wonder if this market ramp on vapors isn't the top of a future chart. That last BTFD/trains leaving/ground floor broker to sheep, broker to sheep....come in sheep moment. Cause it sure aint fundamentals. And if you junk me mutherfucker, say why.
Not at all Robot. You have no clue as to what will occur moving forward. Just need patience here. And another piece of the puzzle is in place, the consumer is tapped out, again.
How can the consumer be tapped out with LULU, CMG, FOSL, HANS, etc. making new, lifetime, world record highs today?
More like how is the consumer tapped out when they have a net worth of $56 trillion dollars. Plenty of room to raise prices at NFLX and room to growh for LULU.
Denniger showed how consumer spending up slightly was all transfer payments, market-ticker.org.
Bullish
SBUX new highs.
Wow...
Thin market ... market might not even be the right word any longer.
And the beat goes on.....
Phony fucking world.....
END OF QUARTER window-dressing by Primary Dealer MAFIA.
Whose the fucking "JunkTard....???
Fuck off shill
CC just dropped to its lowest level since November in an economy that's 70% consumer spending and the market is off to the races.
Sounds about right.
LEO-TARDS, BITCHEZ!
hmm...no jobs except minimum wage fare, a dollar that is rapidly devaluing, repressive, control freak central government, unending harassment in our airports, subways, bus and train-stations, WW3 lurking just around the corner and a continuing series of natural disasters...so would some one please explain to me how is it possible that consumer confidence is not through the roof right now? come on sheeple get out there and buy more useless shit made in china that you don't need, remember, being a good, patriotic citizen means being a good consumer...
this world becomes more absurd in every possible way, every day.
Dow rallied more than 110 points in morning trading after hopes that Greece will be able to avoid defaulting on its debt. This is surreal.
Wall St's Pollyanna Party continues.
Meanwhile, Iran announced overnight that they now have missile silos for their ballistic missiles. Gee, what could they possibly want to do with those? Just two weeks ago, Rand Copr relased a report that indicates Iran will have enough enriched uranium for its first nuclear warhead by early August -- THIS year!
Party on, Wall St!