The Gloomy Prediction Of The Day Comes From.... Joe LaVorgna, Who Says An NFP Print Greater Than 9.2% Is Quite Possible

Tyler Durden's picture

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Doyle Hargraves's picture

How is that service based economy working out Bitchez?

gmrpeabody's picture

Speaking of service, I have heard estimates of 38k a head for the Presidents party. Not including tips.

There is no pain in Washington.

oogs66's picture

with revisions the number could be worse.

i want to see him or zandi break down and cry on air

i watch cnbc more and more lately.  i need to convince myself that being short isn't a crowded traded.  10 minutes of CNBC cures me of the illusion that everyone is bearish

DonnieD's picture

The morning cheerleading squad is quite humorous. They do put that guy on in the evenings now who actually challenges guests when they spout off bullshit. He'll be canned or given a lobotomy soon enough.

Mercury's picture

Happy birthday Mr. President...

Caviar Emptor's picture

Wow, how bullish can you get? 

LaDorkna makes a bearish prediction! Is that some paycheck anxiety I sense there? 

bania's picture

"Judging by Joey L's predictive track record it may really be time to mortgage that first born and buy everything that is not nailed down"

Best laugh of the day!

Dr. Engali's picture

I was thinking the same thing,but I decided to add to my pm position instead.

r101958's picture

I posted this at 12:27p referring to the reason for market melt down: 'Let me venture another guess.....some folks are already privy to the BLS numbers that will be 'publicly' released tomorrow?'

I wonder if I should get paid as much as LaVorgna?

Doyle Hargraves's picture

That could be the case. Maybe this month the debt brotha administration couldn't spin the awful numbers and we haven't seen em yet. Perfect opportunity coupled with a BAC collapse for TPTB/TBTF/gov/fed, et al. to launch the bailout to end all bailouts!

r101958's picture

I believe TBTFs have already seen the numbers and are selling before they are publicly announced. Oh wait!, that would never happen, would it?

Doyle Hargraves's picture

No never! Everything is on the up and up...LMFAO


Caviar Emptor's picture

Wow. We're below April 2010 highs

Dr. Engali's picture

He's trying to get on the rightside of the trade. A little late to the party.

pazmaker's picture

There was some ass whipe on this morning on CNBC around 515am est .....talking about now is the time to buy of the host actually laughed at him.

Snakeeyes's picture

Joe was a new hire when I was at DB. He is no better or worse than any of the other headline repeaters.

Grand Supercycle's picture

S&P500 head and shoulders target is 1,176 and further downside

As mentioned for some time - S&P500 monthly has been tracking sideways this year. This extensive distribution signified a bearish big picture and that a significant downtrend would follow.

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