Philadelphia Fed Massive Miss: Comes At 18.5 On Expectations of 36.9, Downward Q2 GDP Revisions Can Now Commence

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Thu, 04/21/2011 - 10:09 | 1192164 slow_roast
slow_roast's picture

SELL THE POP!

Thu, 04/21/2011 - 10:18 | 1192189 bonddude
bonddude's picture

looks like the morgue just dropped dead !

Thu, 04/21/2011 - 10:37 | 1192245 Sancho Ponzi
Sancho Ponzi's picture

Soylent green shoots

Thu, 04/21/2011 - 10:12 | 1192165 I am Jobe
I am Jobe's picture

Eat IPAD Bitchez

Thu, 04/21/2011 - 10:47 | 1192281 sbenard
sbenard's picture

LOL! It gets stuck between my teeth! :)

Thanks for a good chuckle. I needed that!

Thu, 04/21/2011 - 10:10 | 1192167 NoBull1994
NoBull1994's picture

awesome.  more QE.

Thu, 04/21/2011 - 10:18 | 1192197 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Quantitative Easing 4 ever.

Thu, 04/21/2011 - 10:34 | 1192234 Overflow-admin
Overflow-admin's picture

= Duke Nukem Forever release date = june 14th.

Thu, 04/21/2011 - 10:51 | 1192288 sbenard
sbenard's picture

More dollar devastation from "Bubbles" Bernanke!

Thu, 04/21/2011 - 10:13 | 1192168 RobotTrader
RobotTrader's picture

And COF is at 52-week highs today....

LOL.....

Never underestimate the consumer.

Thu, 04/21/2011 - 10:15 | 1192175 Hephasteus
Hephasteus's picture

So you finally finish puking all over your monitor?

Thu, 04/21/2011 - 10:25 | 1192204 redpill
redpill's picture

Did your image privelages get revoked or can you not bring yourself to even do it today? Yahoo chart reflects it never hit the February levels but whatever.

Regardless, here's a tip: People being forced to carry a balance on their credit cards so they can buy food is not positive for economic fundamentals.

Thu, 04/21/2011 - 10:38 | 1192238 Careless Whisper
Careless Whisper's picture

word of the day: wtf? as in; TZOO wtf?

Thu, 04/21/2011 - 12:23 | 1192660 Imminent Crucible
Imminent Crucible's picture

There's something very fishy in Capital One's report. Revenue and net interest income still well off YoY, but profit is way up on reduced charge-offs. Considering that COF does not charge off an account until it's at least 180 days delinquent, you have to ask yourself if this is the result of last fall's surge in "Whaddya know? We don't have to make our mortgage payment 'cause of this MERS thing. Let's go to the mall!"

Thu, 04/21/2011 - 10:50 | 1192284 John Law Lives
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Why does ZH give you posting privileges?

What value do they think you add here?

Thu, 04/21/2011 - 10:48 | 1192287 Bill the Cat
Bill the Cat's picture

Fthwffp!

Thu, 04/21/2011 - 10:11 | 1192169 DutchTreat
DutchTreat's picture

Its got QE3 written all over it.

Thu, 04/21/2011 - 10:33 | 1192224 Cassandra Syndrome
Cassandra Syndrome's picture

 

QE(n+1)

Thu, 04/21/2011 - 10:39 | 1192243 Overflow-admin
Overflow-admin's picture

Do
    QE();
Loop while 1=1

Thu, 04/21/2011 - 11:22 | 1192444 A Man without Q...
A Man without Qualities's picture

QE3 won't help them I am afraid.  The plan to raise equity prices has fed though to commodity prices.  Manufacturing has been driving full steam ahead, concerned about rising input prices but hoping they can pass this on to the consumer.  Consumer has been saying, we are getting squeezed going to have to pull back, but the markets prefer to ignore this background noise.

Here we are.  The greatest failure of this form of stimulus is there was no transmission mechanism to the wider economy (neither jobs nor wages) and we were due to encounter a stagflationary quagmire sooner or later.  

I am sure JM Keynes said the key was about stimulating the economy through the income of the working man....

Thu, 04/21/2011 - 10:14 | 1192171 Quinvarius
Quinvarius's picture

Bricked it.

Thu, 04/21/2011 - 10:15 | 1192173 Dick Darlington
Dick Darlington's picture

But but but, Bloomberg CONsumer comfort (looooool!!!) creeps higher. You just can't make this shit up!

Thu, 04/21/2011 - 10:13 | 1192174 d00daa
d00daa's picture

HI SMAILES!

Thu, 04/21/2011 - 10:18 | 1192177 scratch_and_sniff
scratch_and_sniff's picture

ok so now $ rally, yeah???? WTF!!! HA HA how i laugh, now everyone that pumped the euro and sold the dollar have to buy it for genuine reasons and they shit themselves and sell, this is a joke.

Thu, 04/21/2011 - 10:16 | 1192178 bingaling
bingaling's picture

Cover Ass Index will be in full force as the only green rockets will be in commodities .

Thu, 04/21/2011 - 12:31 | 1192727 The Profit Prophet
The Profit Prophet's picture

And silly me thought the reason for the FED desperation world market pump yesterday was to cover for an AAPL miss......it turns out to be a Philly Fed collapse!

T.E.I.N. everyone! 

Thu, 04/21/2011 - 10:15 | 1192184 RobotTrader
RobotTrader's picture

JPM still the strongest bank stock out there.  Still over $44.

Thu, 04/21/2011 - 10:27 | 1192217 redpill
redpill's picture

Your RobotTrader brain never figured the mighty JPM stock would be looking up at the silver spot price, did it.

Thu, 04/21/2011 - 10:33 | 1192232 gordengeko
gordengeko's picture

Fuck off, BAC is up JPM is down.  Noone believes your shit.

Thu, 04/21/2011 - 12:35 | 1192742 The Profit Prophet
The Profit Prophet's picture

Please don't feed the Trolls....it's best just to junk the comments into oblivian....I hear it takes 50 junks.

T.E.I.N. everyone!

Thu, 04/21/2011 - 10:51 | 1192290 Bill the Cat
Bill the Cat's picture

ACK!!!

Thu, 04/21/2011 - 11:45 | 1192539 d00daa
d00daa's picture

Do you own it?  If not, this is a great place to buy.

Thu, 04/21/2011 - 10:16 | 1192186 Seasmoke
Seasmoke's picture

it must have snowed ........somewhere !

Thu, 04/21/2011 - 11:05 | 1192353 shushup
shushup's picture

LOL

Thu, 04/21/2011 - 11:20 | 1192433 Careless Whisper
Careless Whisper's picture

nice avatar. been hittin the gym lately?

Thu, 04/21/2011 - 10:19 | 1192205 firstdivision
firstdivision's picture

The housing price index was another miss.  The beauty is the revision from the prior week.

Thu, 04/21/2011 - 10:20 | 1192206 RobotTrader
RobotTrader's picture

YUM Brands up 5%, 3-year high for that stock.

3 years after the biggest investment banking implosion in history, and restaurant stocks are busting out to new highs???   Yep.

Thu, 04/21/2011 - 10:42 | 1192242 Rogerwilco
Rogerwilco's picture

Classic crack-up boom underway. The economy today reminds me of a Chinese acrobat troop we saw last year. They end their performance with a stage full of contortionists balancing dozens of spinning plates. Not a single plate fell...Luck? Skill?

Thu, 04/21/2011 - 10:55 | 1192310 Spastica Rex
Spastica Rex's picture

??

Thu, 04/21/2011 - 11:05 | 1192373 lieutenantjohnchard
lieutenantjohnchard's picture

still changing the subject to avoid looking at his stagnant, stuck in the mud portfoilio of widows and orphans stocks going nowhere slowly.

here's a tip for your living vicariously, green with hampton envy of the success of other investors: get a silver quote and imagine where you would be if you could connect dots.

Thu, 04/21/2011 - 11:25 | 1192446 Careless Whisper
Careless Whisper's picture

restaurant stocks are busting out to new highs???   Yep.

u may want to check ur CMG holdings. not having a good morning.


Thu, 04/21/2011 - 11:45 | 1192561 d00daa
d00daa's picture

"The market isn't pricing in QE3.  The market is pricing in an economic boom, led by the US Consumer."  -RobotTrader

Thu, 04/21/2011 - 10:27 | 1192210 A Nanny Moose
A Nanny Moose's picture

That's gonna leave a mark.

Thu, 04/21/2011 - 10:28 | 1192213 holdbuysell
holdbuysell's picture

And to think we haven't even seen what's coming with states and their fiscal budgets. Many states budgets need to be set for July 1, including CA.

That gasoline should begin falling on the fire very soon.

Thu, 04/21/2011 - 10:31 | 1192220 alien-IQ
alien-IQ's picture

Big Miss = QE 3 certain = Market rallies/Dollar tanks.

Big Beat = Economy doing great = Market rallies/Dollar tanks.

On Target = Everything is stable = Market rallies/Dollar tanks.

...and the worms ate into his brain...

Thu, 04/21/2011 - 10:55 | 1192311 Spastica Rex
Spastica Rex's picture

+1 Pink Floyd

Thu, 04/21/2011 - 11:06 | 1192360 shushup
shushup's picture

Makes no scense but you are correct.

Thu, 04/21/2011 - 10:33 | 1192222 alfred b.
alfred b.'s picture

 

    Who else thinks the dyi & ag have a date @ 68 ??

Mon, 04/25/2011 - 20:27 | 1206046 thames222
thames222's picture

Me!  I think the date might be set at 70, though.  I'm holding until the cows come in, ag and au.

 

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