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Consumer Sentiment Highest Since October 2007 As Europe Implodes
No comment necessary, but a reminder that for a market pricing in LTRO, QE, China Easing (or Cheasing), good news is truly horrible news.
Chart: Bloomberg
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The media and survey companies tell us so it must be true.
Eeeeew. No doubt, a reasonable successor to the ZH tradition of lemmingerati, but ... eeeew.
crickets
Time to bring back the deer/headlights pic?
I think more appropriate would be deer in grill/engine compartment pics.
http://dtdstudios.com/i/bear_raid_clean.jpg
http://images.cheezburger.com/completestore/2009/10/9/128996069265086544.jpg
Consumers today are just Muppet Ostriches evolving into Dodo Birds.
Bears can do a lot of damage...
I think more appropriate would be deer in grill/engine compartment pics.
OR, thru the windshield in your lap, where the typically wind up,kicking your guts out.
Excellent visual there.
if you believe that
Consumer sentiment as it was judged then was high right before the '29 crash, too.
this number is the highest since the market topped in oct, 2007.....
Whoehahahahahahahaha!
Calm down SD. I suspect the truth has been embroidered more than a little.
http://en.wikipedia.org/wiki/Reflexivity_%28social_theory%29
Europe is imploding?! Are you nuts?
Europe is imploding?! Are you nuts?
Sheeple think 40% of our Exports(limited as they be) dissapearing will not affect their trips to the Malls.
Sheeple think 40% of our Exports(limited as they be) dissapearing will not affect their trips to the Malls.
Maybe you want to reconsider yoru statement?
when i chart, i draw the possible future outcomes and re-visualize
this chart looks very highly probable
HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAaaaaaaaaaa!!!!!!!!! NOW THAT IS FUNNY SHIT!
When you have no money, all you are left with is sentiment.
... and hopium
Dont forget Facebook!
http://www.motifake.com/image/demotivational-poster/0909/addiction-life-time-day-human-nature-virtual-escape-reality-demotivational-poster-1253440284.jpg
Don't forget your credit cards!!
Don't forget sex either. That's why there's 7 billion of us.
There's gotta be a good joke there, somewhere. Hmm.
How 'bout, "Consumer sentiment is at an all time high. Consumers are feeling very sentimental about their long lost jobs, cratering home values, etc."
Feel free to improve on that.
This is great news...now I'll run right down to the DMV and pay my past due registration with my all time high Confidence Notes...
I'm confident those Michigan mother fuckers r full of shit....more Silver my Bitchez.....
What makebelieve consumers are they polling?????? My sentiment sucks, I'm buying physical silver. I'm sick of hearing reports of the opposite of how I feel as a fellow consumer
The central planners must be cheesed out of their mind...
http://www.youtube.com/watch?v=muTQthqfn40
Oceania is at war with East Asia. Oceania has always been at war with East Asia.
Agreed. Just another number for the police state to manipulate and massage.
I thought these numbers were produced by state sponsored organizations...
you wouldn't hear about it on Comrades National Broadcasting Coop unless it was approved by the Parasites.
You can't have a crash when everyone is expecting one.
Yes you can.
First question on Michigan survey should be "Have you been paying attention?"
http://www.google.com/trends/?q=%22bank+run%22&ctab=0&geo=us&date=all&sort=0
Mind blowing chart and region info! Thanks.
First question is "Do you approve of the way that Chairman Bernanke is handling the economy?"
they should interview zero-hedge readers ...
Cheasing! Now I finally understand what rappers mean when they say "gotta get that cheddar"
The 10 people on vacation at the beach that were surveyed feel reeeaalll good.
From Bloomberg -- FB worst performing IPO this decade (of every singel IPO including MFglobal)
BATS
Survivor bias. It is a well known Wall St. game where you remove the failures from the tracking index to artificially prop up the average returns.
BATS utterly failed and was withdrawn, as such, it doesn't count as a failure.
Well BATS did have great humor content.
And FB sucked-duck a lot of liquidity but no worries well make more.
Sentiment usually rises when the dollar gets stronger. Its psych 101. However, happy people generally piss off TPTB.
I don't think 99% of the population knows how the euro situation is temporarily taking focus off the dollar thus making it a little stronger.
The sentiment may be rising to the fact that car dealerships are giving away cars because of over stuffing, the major department stores are having blowout sales because no one is buying shit, and the average TV watcher is being bombarded by "sale, sale SALE" commercials.
Or I could just be a huge effing pessimist.
Right on all counts, IMO.
Actually, I'd consider you a realist
I'm ready to blow any money that someone is willing to give me. Rally time bitches.
....and the BN survey average goes Double D
Ring ring...
how do you feel today?
Terrible..
Sorry to bother you goodbye.
Ring ring...
how do you feel today?
Fine I didnt lose my job today.
Okay, can you answer a few questions for a survey please..
Yes go ahead.... I am feeling very hopeful now I can go to work tomorrow
SEE.... easy when you know how!
Lower gas prices equal estatic consumer. Now they have a few bucks more for iThing apps. Economic realitities don't register with the ignorance-is-bliss consumer; it's lower gas prices that make them deleriously happy.
Oh, don't for get gay rights!
Voltaic,
Exactly. I bet President Obama is also becoming more popular as gas prices fall.
Lower gas prices? With oil trading around $90, brent at $107, forward gasoline at $2.70 all the stations by me are higher than last month.
Average pump price in NE OH $3.79.
IT IS MEMORIAL DAY WEEKEND.
AAA is saying that we are getting gouged. But that is always true.
Lower gas prices equal estatic consumer.
Not realizing in their jubilation, that their FOOD bills are up 40%.................................
If the economy actually recovers the DOW will sink. I mean if you are really desperate for a fix you don't care for the quality of the drugs as long as you get HIGH afterwards. I guess up really does mean down these days...
I cannot believe how stupid we are.
We are on the bleeding edge.
I'm just bleeding.
speek fer yersef.
So the stupider the public, the better off for the economy.
Yes, that sounds right.
God I hope you are wrong; I fear you are most correct.
Nobody ever went broke overestimating the stupidity of the American public. Or something like that.
Here's another way of looking at it:
http://2.bp.blogspot.com/-1oRbrx_mFwU/T7-UOdcYHmI/AAAAAAAAEng/LXvxO_g_Zpo/s1600/120525-B.png
Hella chart dude ! thanks for posting.
I like watching an attempted pop get smothered by sellers.
Total bullshit, more CNBC propaganda and just another reason to cheerlead. They manufacture the news when necessary using metrics that can't (or won't) really be validated and if they are so what? This is why nobody watches CNBC anymore, people finally figured out they are complete bullshit.
Rah, rah. Listening to somebody like Bob Psani is incredibly painful, the only one I like at all in Santelli (used to like Dylan Ratigan). The reason I stopped watching it all together is the Asian women (Melissa Lee I think) who has to be the most ignorant, arrogant bitch on television! Plus she is really ugly which is unusual since they almost always have hot girls (minus Sue Herrara) spewing out the BS.
Bloomberg isn't any better, in fact they stole a few from CNBC as did Fox Business. Dylan Ratigan ended up on MSNBC which surprised me, I thought they got rid of him altogether. Now they have an English guy that constantly bashes American politics - fuck him, go back to England. It's all a farce, I bet Facebook is stil the primary topic of discussion - endless, mindless brain farts.
They do have a special today at 1pm eastern on Europe, I'll try to watch it - the girl doing the special is definitely worth watching (forget her name).
Your hired....
Sad commentary when the best source of financial news (or any for that matter) is "Russia Times"
When everyone and there brother is talking about a CRASH due to Europe impoding, it tells me to go the other way. In ANY scenario, the presses have to go into overdrive or else we have riots in the streets from Athens to Mumbia to Bejing to Boise, Idaho.
Cleese and the fat man's diisease is never far away.
Monty Python - Mr Creosote - YouTube
A Monty Python classic that never grows old.
How can anyone expect Greece to stay in teh Euro?
Unless Germany buy them out - then they are truly doomed.
The Greek market is down
13% in 5 days
30% in 1 month
40% in 3 months
70% in 1 year
95% in 5 years
...and yet I heard some clown from (Goldman I think) claiming that "If I had a gun to my head - I would say Greece won't exit the Euro"
Clearly he's letting his positions and potential losses cloud his judgement.
maybe someone ought to call his bluff
Its clear as daylight, if Greece leaves the Euro they can only go one way : UPPPP!
The problem in NOT Greece, its the banking contagion, has been since day 1. Thats why this shit show has been dragging on for three years. We are living in DENIAL in land of first world; where the 2008 crash NEVER occured; Nein, nein nein; its all fixed. What crisis? Such a boring world. I miss that guy!
Black Hole of Calcutta cheddar flavored smegma export chease product....Smirking Cow Brand ! Monedas 1929 Comedy Jihad Press-a-Piss Of Collapse Tour
I am I'll now.
How exactly do they measure this absurdly counterintuitive indicator?
People are buying ALOT of guns, ammo, canning jars, livestock, tractors & inplements, generators, etc
They are CONFIDENT these consumer goods will be necessary in the near future.
Buy buy buy! Stuff stuff stuff. Cause you don't have to pay pay pay. Just defer that reckoning for another day.
I am so hoping the market will ramp big-time.
I sense that the funds are spending investors money in very short-sighted fashion - incredibly ignorant money. What else could be levitating FB? Forbidden Planet.
I wonder how much confidence lemmings have before they plunge off of a cliff?
I suspect their last thought is 'what cliff?".
here is the year-chart from bloomie of the comm-oddity indices: comm_futures
take a minute and see if you can see for yourselves what inflation/deflation figures the FED has now, and what this might look like in the months ahead, depending on how much fun they are having at the crimex, the FED, the ECB, and so on...
of course this is all in "dollars" which are on a rip-tear (who coulda knowed we'd have a "strong dollar" for prez0 to have for his "record" as he seeks re-"election"? who?)
ooooooooh the tide has gone really really far out, never seen anything like this, lets all run to the beach and look.
Yeah, its like that sort of.
Consumers "liked' a bunch of stuff on facebook.
this is the UM survey. of course its up. michigan will field its best team in years. the doom has been lifted from ann arbor. hahahaha.
i'm tripping face. this makes perfect sense.
Well, the 10:30 announcement DID stop the slide in FB today, for about 5 minutes, before slide resumed. Now down 3.6% for the day, but the day is young...
lol
Is the USA putting something in the drinking water supply, or has it financed some real Coke finding its way into 'Coca Cola for domestic consumption?
Given the state of the public school systems, and the number of illegals, combined with the brain-dead withdrawal of the masses into DWTS, Idol (although down 30%, and most likely replaced with free internet porn), and so on, is it any surprise that Americans as a whole fail to correlate the issues of Europe with those of America??
Yesterday, on Drudge, there was a video about a rampaging gang of disadvantaged youths in downtown Baltimore - the urban paradise recently featured for its treatment of a drunken tourist by an inner city welcoming committee - who formed a flash mob to get in on a free Slurppie offer from 7-11. (Note to 7-11 senior management: You are going to hand out FREE something, and you wonder why the inner city youth flash a mob and loot your store for everything they can steal? What drugs do you take when you approve these insane promotions? And wait until the lawyers get to the store manager that was beaten and he sues the living daylights out of you for such irresponsible marketing . . . let's see you get your own sorry fanny behind the counter for just over minimum wages and let your white skin face down these poor, disadvantaged youths . . . are you willing to risk your life the way you risk those of your employees?)
The news report - which as expected didn't name the race of the perps, so of course we know exactly what their race is since any time they don't name a race it is because it is one particular race that is involved - showed videos from other mass mobs of out-of-control black youths - er, sorry, disadvantaged urban youth, who are taking over entire streets with the cops staying out of the picture.
(Note to news executives: We know as soon as you don't name the race what the race is. So why do you toss your credibility and self-respect out the window for nothing? And while we are on the subject, want to bet you'll never see a mob of home-schooled, or Christian-schooled, or yeshiva-schooled youth, looting a store? Why do you think that is . . . ?)
What was particularly funny was that the police in Baltimore wouldn't comment on the incident. Black Racism strikes again - it has trumped every law enforcement agency in America into such fear of being called racist that they won't even comment on mass mobs looting stores.
Not that any LEO is going to lose his or her life protecting corporate assets - with the exception of when they are protecting the Ruling Elite. What is really funny is that they are so dumb that they don't even realize that while they are playing paramilitary soldier, the people they are protecting are stealing their pension fund. Isn't that just the ultimate irony? The cops are protecting the thieves of their retirement that they put their life on the line for . . . and the next step will be urban gangs - and be aware we are talking about well-armed and well-disciplined, ruthless, beheading and dump the bodies in the streets urban gangs - blowing the cops away. (And just why do you think the cops are practicing with the military on urban warfare protocols and strategies in Top 10 Market American cities . . . ? If you are too dumb to see where Black Racism is leading, at least they aren't.)
These youths are the future - and they are out of control. They are thugs and thieves who are not going to stand in soup lines but will instead plunder every store and bank branch they can loot. As for your gold, you better have somewhere safer than your wall safe - when they are holding a gun to your head, you'll remember the combination, or you'll lose your life - they are totally uninhibited about killing you. Time to invest in that out-in-the-country, self-sustaining, well armed and well walled up, fallback residence. This will help you plan where to buy:
http://www.youtube.com/watch?v=ip3lDIKoXRk
And for all you 2nd Amendment types, these thug gangs are armed. Proving that when guns are outlawed, only outlaws will have guns.
Well, here's the news video I referenced:
http://baltimore.cbslocal.com/2012/05/24/flash-mob-steals-from-baltimore...
Enjoy - and watch what is really going to be the force that destroys America. QE for the Financial Mafia isn't going to buy the peace this time around the way US Treasuries bought the peace after the urban riots of the mid-1960s.
-30-
You demented racist - maybe it's payback time for your forefathers 'wealth' which was obtained through slavery?
I mean when you demonise black people - do you ever consider that the disadvantages they started with might be the reason they are more prone to crime? It's all very well preaching about law and order from your privileged life where you don't have to worry about your door being kicked off at 3 am when the loan shark comes round to beat up your mom do you?
When things get complicated - simpletons get angry.
You are proof of this.
You Black Racist Supporter - take one look around you and see what your bigoted thug-thinking has brought to this country.
You start with some off-the-wall presumption about my family tree - fool. My family never owned slaves - but did you know that in 1853 3,375 black families did? Or that the largest slave owner in South Carolina in 1860 when the War Between the States began was black?
And we all know that it was the blacks of Africa that enslaved other blacks and sold them to Europeans.
And to this day there is still slavery in Africa and the Middle East Arab countries. Whatcha' doing about that, fearless fighter for human rights??
As for ending slavery, it was the Brits in 1820 that got it rolling, imposing their no-slavery edicts on their colonies. In other words, it was whites, not blacks, who began the progression of thought that stamped out slavery in the Western world.
I don't demonize anyone like you did me. The reality is that the Black culture is in serious decay. It was brought about by douche bags like you that have moved blacks onto the Welfare Plantation and keep them there so you can harvest their votes every election.
They are more prone to crime because your idiot Fellow Travelers have told them for the past three generations that nothing is their fault - they are victims!! And as such they are *entitled* to whatever they can get their hands on. And of course, all the rest of your idiotic post seves as reasons why society should let them steal to their heart's content.
You are proof of the bigoted thug mentality of the Black Racists and their advocates. You are as ignorant as a stick with your racist hate speech. Why don't you get together with some New Black Panther Party members and tell the world as their Chief of Staff told listeners of a Tampa radio station during her interview all about "the crackers, the whiteys, the pigs" that don't deserve to live - namely anyone white.
Eat it and die; you're just another Black Racist pig . . .
-30-
QE on, QE off, QE on, QE off.
http://www.youtube.com/watch?v=8aYl7N0JPWs