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
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Thu, 04/21/2011 - 10:18 | 1192189 bonddude
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looks like the morgue just dropped dead !

Thu, 04/21/2011 - 10:37 | 1192245 Sancho Ponzi
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Soylent green shoots

Thu, 04/21/2011 - 10:12 | 1192165 I am Jobe
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Eat IPAD Bitchez

Thu, 04/21/2011 - 10:47 | 1192281 sbenard
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LOL! It gets stuck between my teeth! :)

Thanks for a good chuckle. I needed that!

Thu, 04/21/2011 - 10:10 | 1192167 NoBull1994
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awesome.  more QE.

Thu, 04/21/2011 - 10:18 | 1192197 Mr Lennon Hendrix
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Quantitative Easing 4 ever.

Thu, 04/21/2011 - 10:34 | 1192234 Overflow-admin
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= Duke Nukem Forever release date = june 14th.

Thu, 04/21/2011 - 10:51 | 1192288 sbenard
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More dollar devastation from "Bubbles" Bernanke!

Thu, 04/21/2011 - 10:13 | 1192168 RobotTrader
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And COF is at 52-week highs today....


Never underestimate the consumer.

Thu, 04/21/2011 - 10:15 | 1192175 Hephasteus
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So you finally finish puking all over your monitor?

Thu, 04/21/2011 - 10:25 | 1192204 redpill
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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
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word of the day: wtf? as in; TZOO wtf?

Thu, 04/21/2011 - 12:23 | 1192660 Imminent Crucible
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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
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Thu, 04/21/2011 - 10:11 | 1192169 DutchTreat
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Its got QE3 written all over it.

Thu, 04/21/2011 - 10:33 | 1192224 Cassandra Syndrome
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Thu, 04/21/2011 - 10:39 | 1192243 Overflow-admin
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Loop while 1=1

Thu, 04/21/2011 - 11:22 | 1192444 A Man without Q...
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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
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Bricked it.

Thu, 04/21/2011 - 10:15 | 1192173 Dick Darlington
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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
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Thu, 04/21/2011 - 10:18 | 1192177 scratch_and_sniff
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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
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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
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And silly me thought the reason for the FED desperation world market pump yesterday was to cover for an AAPL turns out to be a Philly Fed collapse!

T.E.I.N. everyone! 

Thu, 04/21/2011 - 10:15 | 1192184 RobotTrader
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JPM still the strongest bank stock out there.  Still over $44.

Thu, 04/21/2011 - 10:27 | 1192217 redpill
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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
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Fuck off, BAC is up JPM is down.  Noone believes your shit.

Thu, 04/21/2011 - 12:35 | 1192742 The Profit Prophet
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Please don't feed the'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
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Thu, 04/21/2011 - 11:45 | 1192539 d00daa
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Do you own it?  If not, this is a great place to buy.

Thu, 04/21/2011 - 10:16 | 1192186 Seasmoke
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it must have snowed ........somewhere !

Thu, 04/21/2011 - 11:05 | 1192353 shushup
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Thu, 04/21/2011 - 11:20 | 1192433 Careless Whisper
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nice avatar. been hittin the gym lately?

Thu, 04/21/2011 - 10:19 | 1192205 firstdivision
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The housing price index was another miss.  The beauty is the revision from the prior week.

Thu, 04/21/2011 - 10:20 | 1192206 RobotTrader
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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
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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
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Thu, 04/21/2011 - 11:05 | 1192373 lieutenantjohnchard
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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
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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
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"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
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That's gonna leave a mark.

Thu, 04/21/2011 - 10:28 | 1192213 holdbuysell
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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
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+1 Pink Floyd

Thu, 04/21/2011 - 11:06 | 1192360 shushup
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Makes no scense but you are correct.

Thu, 04/21/2011 - 10:33 | 1192222 alfred b.
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    Who else thinks the dyi & ag have a date @ 68 ??

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