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Did Someone Just Break The Consumer Confidence Embargo?

Tyler Durden's picture


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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Tue, 06/28/2011 - 09:37 | 1408478 slow_roast
slow_roast's picture

Shit is clearly broken.

Tue, 06/28/2011 - 10:00 | 1408561 BS_Merchant
BS_Merchant's picture

Clearly not - the equity markets are up today


Tue, 06/28/2011 - 09:58 | 1408565 BS_Merchant
BS_Merchant's picture

...and my shit is clearly not broken, per above image


Tue, 06/28/2011 - 10:10 | 1408590 Ese Pinche
Ese Pinche's picture


Tue, 06/28/2011 - 10:09 | 1408587 HelluvaEngineer
HelluvaEngineer's picture

1. Yuck.  2. Interestingly related - Banks appear to be in the process of shitting the bed, regardless of today's retard rally.

Tue, 06/28/2011 - 10:11 | 1408606 Cdad
Cdad's picture 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.


Tue, 06/28/2011 - 10:22 | 1408623 SheepDog-One
SheepDog-One's picture

'We're UP' 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.

Tue, 06/28/2011 - 10:30 | 1408662 Cdad
Cdad's picture

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.

Tue, 06/28/2011 - 09:41 | 1408479 cossack55
cossack55's picture

"But of course".

      Fancisco D'Ancona

Tue, 06/28/2011 - 09:38 | 1408480 HITMAN56
HITMAN56's picture

WTF...somethings up here

Tue, 06/28/2011 - 09:38 | 1408481 Cassandra Syndrome
Cassandra Syndrome's picture

Should be good for a 500 plus rally

Tue, 06/28/2011 - 09:59 | 1408553 cramers_tears
cramers_tears's picture

No shit!  Already up $68 and headed to the Mooon! Alice!

Fundamentals?! Fundamentals?!  We don' need no stinkin' fundamentals!

Tue, 06/28/2011 - 09:42 | 1408482 slow_roast
slow_roast's picture

Also, in bizarro world, the guy who released those numbers early is getting the rest of the year off and triple bonus.

Tue, 06/28/2011 - 09:44 | 1408489 Everybodys All ...
Everybodys All American's picture

Fundamentals don't matter for much anymore. Window dressing at it's best for the remainder of the week.

Tue, 06/28/2011 - 09:40 | 1408491 Paralympic Equity
Paralympic Equity's picture

Where is the deer in headlights? How can this happen?

Tue, 06/28/2011 - 09:45 | 1408508 HelluvaEngineer
HelluvaEngineer's picture

Not required.  This managed to just goose futures 5 pts.

Tue, 06/28/2011 - 09:44 | 1408492 SheepDog-One
SheepDog-One's picture

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.

Tue, 06/28/2011 - 09:48 | 1408501 treemagnet
treemagnet's picture

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.

Tue, 06/28/2011 - 09:52 | 1408523 treemagnet
treemagnet's picture

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.

Tue, 06/28/2011 - 09:41 | 1408494 MFL8240
MFL8240's picture

The housing number looks just as good.  Obama is doing a great job. lol!!

Tue, 06/28/2011 - 09:53 | 1408495 Paralympic Equity
Paralympic Equity's picture

Connection problems "503 service" Sorry to all

Tue, 06/28/2011 - 09:45 | 1408496 Kat
Kat's picture

Right.  We're all Keynsians when the numbers are good and we're no longer Keynesians when the numbers are bad.

Tue, 06/28/2011 - 09:50 | 1408497 Paralympic Equity
Paralympic Equity's picture

Connection problems "503 service" Sorry to all

Tue, 06/28/2011 - 09:47 | 1408499 RobotTrader
RobotTrader's picture

New highs for LULU.

Wow....the consumer is insatiable.

Tue, 06/28/2011 - 09:48 | 1408504 SheepDog-One
SheepDog-One's picture

Thanks for the mass junkfest Robo...never happens till you show up.

Tue, 06/28/2011 - 09:58 | 1408551 DonnieD
DonnieD's picture

One man's junk is another man's treasure. Or something like that.

Tue, 06/28/2011 - 09:50 | 1408515 duo
duo's picture

IYR not feeling the love.

Tue, 06/28/2011 - 10:59 | 1408789 the not so migh...
the not so mighty maximiza's picture

LULU will save us all.

Tue, 06/28/2011 - 09:55 | 1408503 Paralympic Equity
Paralympic Equity's picture

Connection problems "503 service" Sorry to all

Tue, 06/28/2011 - 09:48 | 1408506 Cassandra Syndrome
Cassandra Syndrome's picture

How will Bloomjerk spin this?

"US Stocks Advance as lower than expected Consumer Confidence Data comes out early in Error"

Tue, 06/28/2011 - 09:48 | 1408525 SheepDog-One
SheepDog-One's picture

So sad about Bloomberg, a few years ago they were pretty damn good! Now its a race to full retard between them and CNBS.

Tue, 06/28/2011 - 10:00 | 1408558 scatterbrains
scatterbrains's picture

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.

Tue, 06/28/2011 - 09:56 | 1408560 HITMAN56
HITMAN56's picture

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

Tue, 06/28/2011 - 11:04 | 1408827 blindfaith
blindfaith's picture

 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?

Tue, 06/28/2011 - 09:49 | 1408507 buzzsaw99
buzzsaw99's picture

Cuts to social security will improve consumer confidence. lolololololol

Tue, 06/28/2011 - 09:48 | 1408510 Paralympic Equity
Paralympic Equity's picture

Double post, had some connection problems "503 service"

Tue, 06/28/2011 - 09:53 | 1408529 firstdivision
firstdivision's picture

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.

Tue, 06/28/2011 - 09:55 | 1408538 SheepDog-One
SheepDog-One's picture

Im sure it was just an accident...remember folks, just hit 'save' 1 time.

Tue, 06/28/2011 - 09:56 | 1408539 Paralympic Equity
Paralympic Equity's picture

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.

Tue, 06/28/2011 - 10:00 | 1408562 treemagnet
treemagnet's picture


Tue, 06/28/2011 - 09:49 | 1408511 Kat
Kat's picture

Right.  We're all Keynsians when the numbers are good and we're no longer Keynesians when the numbers are bad.

Tue, 06/28/2011 - 09:47 | 1408517 TradingJoe
TradingJoe's picture

El Rampo Goes Offffff!

Tue, 06/28/2011 - 09:54 | 1408518 Paralympic Equity
Paralympic Equity's picture

Connection problems "503 service" Sorry to all

Tue, 06/28/2011 - 10:01 | 1408563 Pure Evil
Pure Evil's picture

Que Bono?

What is this, Groundhog Day, the movie?

Tue, 06/28/2011 - 09:52 | 1408522 PaperBear
PaperBear's picture

Numbers released before there are scheduled to be ?

Oops, that was supposed to go to insiders only.

Tue, 06/28/2011 - 09:50 | 1408533 SheepDog-One
SheepDog-One's picture

And the DOW spikes +100 in 60 seconds...just a damn clown show at this point.

Tue, 06/28/2011 - 09:50 | 1408535 scatterbrains
scatterbrains's picture

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.

Tue, 06/28/2011 - 09:51 | 1408536 overmedicatedun...
overmedicatedundersexed's picture

my confidence is soaring as I see more" going out of business "signs along the city streets.

Tue, 06/28/2011 - 09:51 | 1408537 6 String
6 String's picture

Another day, another massive market rally. 

Tue, 06/28/2011 - 09:57 | 1408541 SheepDog-One
SheepDog-One's picture

WOW yea 'massive rally' to DOW 12,100, where we've been for 7 months avg!!

Tue, 06/28/2011 - 09:57 | 1408542 qussl3
qussl3's picture

Croc algo on the EURUSD, freaking ridiculous.


Tue, 06/28/2011 - 09:54 | 1408549 TooBearish
TooBearish's picture

We heard it 10 minutes before the early release - all good

Tue, 06/28/2011 - 09:54 | 1408552 RobotTrader
RobotTrader's picture

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.

Tue, 06/28/2011 - 10:02 | 1408573 Paralympic Equity
Paralympic Equity's picture

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?

Tue, 06/28/2011 - 10:09 | 1408600 HelluvaEngineer
HelluvaEngineer's picture

Too bad.  Heard your mom was in the market for some white rocks.

Tue, 06/28/2011 - 09:55 | 1408556 treemagnet
treemagnet's picture

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.

Tue, 06/28/2011 - 10:02 | 1408567 monopoly
monopoly's picture

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.

Tue, 06/28/2011 - 10:09 | 1408585 RobotTrader
RobotTrader's picture

How can the consumer be tapped out with LULU, CMG, FOSL, HANS, etc. making new, lifetime, world record highs today?

Tue, 06/28/2011 - 10:29 | 1408658 6 String
6 String's picture

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. 



Tue, 06/28/2011 - 10:30 | 1408677 banksterhater
banksterhater's picture

Denniger showed how consumer spending up slightly was all transfer payments,

Tue, 06/28/2011 - 10:08 | 1408580 djsmps
djsmps's picture


Tue, 06/28/2011 - 10:10 | 1408604 RobotTrader
RobotTrader's picture

SBUX new highs.


Tue, 06/28/2011 - 10:19 | 1408615 Everybodys All ...
Everybodys All American's picture

Thin market ... market might not even be the right word any longer.

Tue, 06/28/2011 - 10:29 | 1408655 Bansters-in-my-...
Bansters-in-my- feces's picture

And the beat goes on.....

Phony fucking world.....

Tue, 06/28/2011 - 10:32 | 1408668 banksterhater
banksterhater's picture

END OF QUARTER window-dressing by Primary Dealer MAFIA.

Tue, 06/28/2011 - 10:31 | 1408680 Bansters-in-my-...
Bansters-in-my- feces's picture

Whose the fucking "JunkTard....???

Fuck off shill

Tue, 06/28/2011 - 10:32 | 1408688 Superslam
Superslam's picture

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.


Tue, 06/28/2011 - 10:52 | 1408767 FreeNewEnergy
FreeNewEnergy's picture


Tue, 06/28/2011 - 10:54 | 1408771 marcusfenix
marcusfenix's picture 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 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.

Tue, 06/28/2011 - 11:26 | 1408920 Silverhog
Silverhog's picture

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.  

Tue, 06/28/2011 - 12:01 | 1409096 sbenard
sbenard's picture

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!

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