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LaVorgna Was Most Bullish On Today's Economic Data, As Usual

Tyler Durden's picture


If permabullishness is contaguious, Joe LaVorgna may well be typhoid Mary, with the distinction that the LaVorg exhibits all the symptoms and then some.

At what point does one just give up?

Source: Bloomberg Brief


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Tue, 06/21/2011 - 10:58 | 1388973 The Axe
The Axe's picture can the gap be so pronounced!!!!

Tue, 06/21/2011 - 10:59 | 1388975 Eireann go Brach
Eireann go Brach's picture

Joe Mc DoucheBag from Douche Bank!

Tue, 06/21/2011 - 15:21 | 1389860 francis_sawyer
francis_sawyer's picture

Joe you ignorant SLUT!

Tue, 06/21/2011 - 11:04 | 1388983 Internet Tough Guy
Internet Tough Guy's picture

Joey Bag o Doughnuts sounds a lot like Momofader. Coincidence?

Tue, 06/21/2011 - 11:02 | 1388991 SheepDog-One
SheepDog-One's picture

Youre probably right.

Tue, 06/21/2011 - 11:03 | 1388998 SheepDog-One
SheepDog-One's picture

Must....pump DOW.....must....maintain DOW 12,000.....stawks.....must pump.....stawks.....

Tue, 06/21/2011 - 11:07 | 1388999 AldoHux_IV
AldoHux_IV's picture

Housing is shit, but the markets don't care-- they (criminal financial syndicate) look to the smallest changes on their expectations to justify printing the market higher and so the ponzi continues.

There is a point where it will all end badly for them.

Tue, 06/21/2011 - 11:09 | 1389014 Robslob
Robslob's picture

Print market higher so when they come begging for QE 3 there will be no justification for it?

Something wicked this way last quarter to milk for a few good men...

Tue, 06/21/2011 - 11:16 | 1389023 SheepDog-One
SheepDog-One's picture

I see absolutely no pressing need for the QE3 the market junkies are pleading for, DOW 12,100! Only a few hundred off all-time highs so what are the Wall St crackheads going thru extreme withdrawal symptoms for? All is WELL in Stawkland, bitchez.

Tue, 06/21/2011 - 11:16 | 1389038 HelluvaEngineer
HelluvaEngineer's picture

Interesting comment on Bloomberg this morning.  Mentioned the upcoming FOMC meeting and said that traders are expecting QE2 to be extended as a result.  Not sure where that came from, but I am sure they will just railroad thru QE3 when they feel like it and tell everyone to suck it.

Tue, 06/21/2011 - 11:10 | 1389017 tahoebumsmith
tahoebumsmith's picture

NEW YORK (Reuters) - Stocks extended their gains and the Nasdaq rose 1 percent on Tuesday as May existing home sales came in stronger than expected.

Sales fell by 3.8 percent in May, a narrower drop than had been expected..... Now we have a ralley because homes sales only declined 3.8%, which we all know means 6% if the truth be told. The only thing they have left is better then expected and bailouts.. Pretty fricken sad if you ask me.


Tue, 06/21/2011 - 11:20 | 1389058 oogs66
oogs66's picture

the decline was expected to be 5.0% from 5.05 to 4.80.   But it is only -3.8% because they revised down last months to 5.00.   So the decline is 5.00 to 4.81   only -3.8 instead of the -5% expected.  A new way to get people to ignore prior month revisions.

Tue, 06/21/2011 - 11:15 | 1389021 DavidC
DavidC's picture

The figures were bullish today, right...?


Tue, 06/21/2011 - 11:17 | 1389027 SheepDog-One
SheepDog-One's picture

Yep! Everyone flipped their monitors upside down, and saw it was quite bullish indeed!

Tue, 06/21/2011 - 11:23 | 1389049 disabledvet
disabledvet's picture

what else are you suppose to say just prior to taking the entire nation of Germany down?  "I was shorting you all along?"  I say "it's my job and i'm working for your bank to boot" is far better.

Tue, 06/21/2011 - 11:24 | 1389059 Matxeu
Matxeu's picture

I would love hear LaVorgna's analysis of this little tidbit.

Do any ZH'ers have any insight?

Tue, 06/21/2011 - 15:25 | 1389875 disabledvet
disabledvet's picture

i guess i'll have use my brand new jet boat!

Tue, 06/21/2011 - 11:23 | 1389066 treemagnet
treemagnet's picture

I guess when you paying margin, flat is like down.  And down, is just can't happen.

Tue, 06/21/2011 - 11:38 | 1389088 Greeny
Greeny's picture

Existing home sales should rise. Joe is right,

let's wait and see.

Markets smoking, yeah Baby, screw shorts!

Tue, 06/21/2011 - 19:35 | 1390743 bart.naf
bart.naf's picture

I vote for an increase of 6.66%

Tue, 06/21/2011 - 11:50 | 1389116 A Man without Q...
A Man without Qualities's picture

The private view of his bosses in Frankfurt is that the US economy and the housing market is a total basket case, but for political reasons, they are publicly optimistic.  Having a doofus like LaVorgna publish such wildly bullish forecasts, may be a way of showing their concealed cynicism...

Tue, 06/21/2011 - 14:57 | 1389780 gangland
gangland's picture

i would say what i want to do to joe here but last time i did i got a lot of junks...

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