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Dallas Fed Misses Expectations as Hope Turns Negative For First Time Since April 2009
The Dallas Fed Manufacturing Index joined a long and distinguished list of recently disappointing macro prints by missing expectations - coming in at -14.4 versus an expectation of -11.4 (the fifth negative print in a row). While the Production sub-index was up and will provide fodder for bulls (it is still half what it was in July 2011), it is the drop in the outlook for future business activity to a -1.5 (the first such negative print since April 2009) that should have central planners the most concerned as borrowing demand is surely bound to drop further on these weak expectations.
Which combined with the Empire and Philly Fed prints indicates a rather worrisome estimate for ISM at 46.2.
hattip John Lohman
Chart: Bloomberg
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The 'people' in charge of the world running the show only know how to make a living 1 way- Create money out of thin air and lend it at interest.
Their time is over.
not yet sheepie, not yet
Its all over except for the canibal revolt on the pirate ship, we just dont know which pirates will cut the others throats first....thats what this is ALL about today a pirate banker Mexican standoff, no one wants to make the first lunge.
...aaaaaannndddd the market ignores it and pisses upward some some more
Why do we even bother with data if it is only going to be disregarded in favor of the Keynesian illusion?
There's too much cash around. These guys can't just sit around and watch markets rally on no or bad news - they need to benefit. There is no reason to care about fundamentals.
one can swim against the current for a while, but eventually this data will matter... Patience is key as this market rolls over... Dollar cost average into FAZ and YANG and accumulate shares over time... Debt WILL be deleveraged and the FED does not have enough bullets to stop it... The pin cometh!!
Market is jumping upwards again. I give up trying to explain it.
The economy is so weak that the the filthy criminals are having difficulty projecting weak enough (and contractionary) data points (using their own rigged data, skewed through and through) numbers, so as to be able to "beat" those projections, and produce a "positive surprise" (on absolutely horrific data), so as to even be able to create a sell the news pump-and-dump.
They now have the high-jump bar buried about 5 stories down underground.
We have reached a critical point in American history and the time to act is now. It 's time to let our politicians know that they work for WE THE PEOPLE. It's time for every patriotic American to calm their congressman and demand more fiscal stimulus! Whether you're a college student or an old-age pensioner there is no excuse. Our children's futures are at stake.
'Hell with em, old folks and kids are on their own, Survival of the Fitness, boys!'
OK 1 dirty ol bluejay cheeseburger to whoever can identify that quote.
http://www.youtube.com/watch?v=hIX7l06VhIg
and a $5 shake, please (identify that reference)
That's a reference to Mrs. Marcellus Wallace.
Zed's dead baby,
Yes, I know.
Awesome! And there aint even any bourbon it it or nothin?
"A year from now when you're kicking it in the Caribbean you're going to say Marcellus Wallace was right. Not because you threw the fight but because you bought PM's".
Most people don't realize that was the original line in the movie but they changed it at the last minute.
Say "what" again, I dare you!
what?
Bang
"Aww man I shot MethMan in the face..."
I believe that they think they have us all believing that their media propaganda has us all "dreaming" to be them. It may be possible that they cannot conceive of people not wanting to be rich, beatiful, popular or powerful, not scrambling for the best hand-out of a job.... which is still slavery on their terms.
The way to win their game is to not play it and let them crumble from inside as their external support wanes. I do not believe fighting them directly using their weapons (money, markets, politics, the military) is a winning strategy at this point. They do not seem to be anticipating people culturally rejecting them and ignoring them. Gathering quiet alliances and simply rejecting them and thereby taking away their power will drive them to desperate actions.
0/10 - Not very believable (obvious troll).
C'mon now, you've got better stuff than that!
I am thinking that their main method of taking money is through money laundered embezzlement. It is seemingly mostly laundered through the stock markets, salaries, bonuses, grants and no bid contracts... but it is all the same. Give money created out of thin air to the insiders to guarantee their loyalty and use some thinly veiled excuse to make it seem legal. Look at how Obama and Emanuel got their money. I am thinking that there are very similar stories behind virtually all of the nuvo rich fascists.
And I do not believe that their time is over unless it is over for all of us. Change takes longer than that and IMO, they will try to blow up the world, blaming it on hapless Muslims or some other convenient patsy, before they give up power.
COULD be as long as next fall, although I highly doubt it, I think the bankster cabal wants their loyal puppet Obama in as COG martial law president.
If Putin is part of the same cabal and any indication then, yes. I believe that Obama believes that is what he was originally promised.
I agree.
all of it depends on turning a blind eye and deaf ear to the inconvienant truth in favor of a wrong politicial agenda, aka "faith", this is why it will always fail. buy gold and books instead.
http://expose2.wordpress.com
Wasn't this "Recovery Summer II"?
http://confoundedinterest.wordpress.com/
Didn't Federal Reserve fix all the problems? But all must be good because market fine now, and I told on news that gas prices down for first time in month. LOL, no mention that stock market take cliff dive with gas prices. All thanks to Federal Reserve system. Fed on damage control this morning. You see all beautiful stories of great job Bernanke, and scare attempts to silence bloggers, LOL.
Now if they can get bond holders in stock market, dollar up and commodities down all will be great in centrally planned economy.
let the buls choke on fodder
Who shot JR, bitchez
They are actually going to bring that show back in new form:
http://en.wikipedia.org/wiki/Dallas_(2012_TV_series)
I wonder how these shows play with the Alzheimer's crowd?
More bailouts! Surely they will work this time...
100% FUBAR.
glass half full, glass half empty....its the whole dang glass that needs to be broken!!!!!!!!!!
I'm with you, Kito.
i can see inverse head and shoulders...oh wait...
But, apparently this is translated by the vacuum tubes as 'good news' as equities get busy pricing in QE8 or something.
The extend and pretend virus is incurable; a very painful slow death is inevitable. The reason of course is that the masters of the universe refuse any further impairment to bankster balance sheets that would lead to the ultimate exposure of the derivative Ponzi.
Looks like a cup and handle forming.
BUT ZH DDOOOOOOOOOOM and GLLOOOOOOOOOOOOOMMMMMMM
A 'Cup and a Handle'? WHOA!! Well hells bells all is well now that theres a cup and a handle, Europe fixed, USA bankruptcy and looming default now gone....HURRY call CNBS with the good news!
LOL
No objective person can possibly defend the lousy macroeconomic data that has been reported over the past number of months. It stinks.
I take it your the designated MarketWatch representative here today.
I expect you will be reguritating their continuing anti gold campaign as well?
Shilly boy.
A cup and handle on what? The S&P? Learn the rules of a cup & handle and then report back.
Hey, it's looking like the old days. Good enough for a major ES ramp. Along with home sales in plunge mode for the fourth month in a row, and major banks on the verge of contagion again....
The market should indeed rally all week.
and the Nasdaq l9oss is cut in half in under a minute and the Dow jumps 50 points. Oil's loss also cut in half. Apple of the lows along with the other tech stocks that were murdering the Daq.
Un frickinbelievable.
I guess everyone is eating at Panera and streming Netflix on their free wifi.
The action in Amazon's shares is insane. I guess that fractal algo is back at work.
Computer algos at work. Probably not likely to be understood by rational people. I wish someone would pay $$$ to one of those computer nerds who write the algos to come out and spill the beans and explain what really triggers the buy and sell activity in their programs. That might be very interesting. It might also alarm a lot of people as to how they really operate.
...don't forget this is the second day in a row that financials are rallying while PM's get slaughtered, again. Meanwhile, dollar is acting like the world's reserve currency. The markets have been so broken all year and it's so clear that not playing is the only capital allocation decision one could make.
Sprott has been saying Gold is already the worlds reserve currency but that can't be true until one simple thing happens: the COMEX no longer decides the price of Gold and Silver. I think with a sharp thinker like Sprott one can get so mired in the macro details to miss the overtly simple.
In other words, gor a money manager, spot prices for PM's the way they are "discovered" is a major problem. Owning Gold and Silver and whether it is a good call or not depends on the COMEX spot prices for now: which Sprott himself concludes is a "total joke" because almost no relationship exists between the paper PM markets and the physical markets (something of which Sprott knows about).
Therefore, seriously, keeping dry powder in the total joke of the USD for the "total joke" quoting COMEX mechansism for Gold and Silver is the only prudent thing to do in this window. The dry powder could allow one to buy Silver or Gold at far cheaper prices than where they are today.
Yep, nothing new to ZH's, but PM's won't be any defacto "reserve currency" so long as they can be leveraged with paper contracts and being priced on pure fiction. They can't become the defacto reserve currency unitl the entire world melts down and the COMEX blows itself up.
Therefore, as many have said, if you can't touch it you don't own it. It's just that simple. So, it's perhaps no wonder why physical is being taken off the shelves in record like volume while papers markets hyperdeflate. The big boys know something, afterall they have the sneak preview.
Something big this way comes.
i can see inverse head and shoulders...oh wait...
Looks like a cup and handle forming.
Funny, I see the Mona Lisa. :tilts head:
No idea what you are looking at. I see tits and thats bullish for sure.
only if the nipples are nice and perky
http://www.youtube.com/watch?v=iD85023px-E&feature=related Close?
It is a Miro.
http://www.taramtamtam.com/wallpapers/Art/M/Miro/images/Miro_7.jpg
Time to ramp the shit out of equities to camoflauge this stinky turd!!!!
I got a better one. The day chart formed a double bottom!! Buy! Buy! Buy! LOLOL!!!
Elliott Wave meets Fed balance sheet...interesting perpsective:
If there is a washout It may not last long...interesting application of EW to the Fed's balance sheet growth:
http://caldaro.wordpress.com/2011/09/25/feds-adjusted-monetary-base-3/
QE 3 is likely to be started in October/November and last until June 2012. An extended QE 3, or a QE 4, will follow and end in June 2013. The FED has recently provided some clues to fit this potential scenario.
Just in time for Christmas and the Obama "Yes We can Rally".
Monetization projected to end somewhere in 2013.
This certainly would play well with the smack down in commodities at present.
QE is already way past the counterproductive stage. Not saying they won't do it only that there won't be any benefit.
Im sure they know at this point more QE is a negative. I wish they HAD done $5 trillion QE last week, then we'd really be seeing fireworks today.
All about walking on egg shells now.
Hey buzz...as long as it benefits "them" then I don't think they give a damn.
What are our alternatives to paying down $14 Trillion and what is the difference between $14 Trillion and $18 Trillion between friends...I mean FRN's?
Also, isn't October 10th Columbus Day also a Bank Holiday?
Worst news print in a long time, confirmation of recession to be sure is actually the BEST news in a long time! Just magical!
Its the new 'Un-Hopium' rally times! Sentiment turns negative...only logical thing to do is ramp equities!
News:
http://www.londongoldexchange.com/maintenance/
From Bleak to Bleaker....
Yes, a "...long and distinguished list of disappointing facts..."
Oh man this one is good.
Computation delay of about 15 minutes at the open for the DJI. How convenient.
http://www.reuters.com/article/2011/09/26/markets-stocks-feed-idUSWEN878020110926
if you are long or short, those crooks make certain that all stops are taken out!
They want the markets dead-empty of all longs and shorts, only THEN can they confidently pile in short one day for a big collapse and leave the 401K/pensioners holding the bag.
double layer depression
"missing expectations - coming in at -14.4 versus an expectation of -11.4 (the fifth negative print in a row). "
Right, that's why Market is up 135 points.
And gold down another -$65.
Yep US markets corrupt in every way imaginable. The markets are not for you, they are for banksters to rape everyone else.
And it looks to me that TPTB are very keen to get everybody out of gold. Doing their best, with all their shill mates in the MSM....and of course they have their shills visit ZH.
SEC mulls charges against McGraw Hill in CDO case http://reut.rs/p75cy6 $MHP
I am SURE this has nothing to do with the S&P downgrade of the U.S. Nothing what so ever.
fuck this country doesn't even try to hide its biases anymore.
Economic data doesn't matter anymore. It's all about hopes of bailouts.
being canadian, the only currency that has never lost value, is canadian tire money!
Anyone who watched the Texas Rangers win the division to a 3/4 filled home stadium on a Friday evening could have guessed that there are some serious issues out there.
Ben needs to rev up the presses....
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