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

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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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