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

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Thu, 08/04/2011 - 15:23 | 1524464 Doyle Hargraves
Doyle Hargraves's picture

How is that service based economy working out Bitchez?

Thu, 08/04/2011 - 16:32 | 1524662 gmrpeabody
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Speaking of service, I have heard estimates of 38k a head for the Presidents party. Not including tips.

There is no pain in Washington.

Thu, 08/04/2011 - 15:25 | 1524473 oogs66
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

Thu, 08/04/2011 - 15:29 | 1524486 DonnieD
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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.

Thu, 08/04/2011 - 15:27 | 1524484 Mercury
Mercury's picture

Happy birthday Mr. President...

Thu, 08/04/2011 - 15:30 | 1524488 Caviar Emptor
Caviar Emptor's picture

Wow, how bullish can you get? 

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

Thu, 08/04/2011 - 15:29 | 1524490 bania
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!

Thu, 08/04/2011 - 15:41 | 1524526 Dr. Engali
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I was thinking the same thing,but I decided to add to my pm position instead.

Thu, 08/04/2011 - 15:32 | 1524500 r101958
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?

Thu, 08/04/2011 - 15:42 | 1524527 Doyle Hargraves
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!

Thu, 08/04/2011 - 15:59 | 1524571 r101958
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I believe TBTFs have already seen the numbers and are selling before they are publicly announced. Oh wait!, that would never happen, would it?

Thu, 08/04/2011 - 16:10 | 1524608 Doyle Hargraves
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No never! Everything is on the up and up...LMFAO

 

Thu, 08/04/2011 - 15:32 | 1524504 Caviar Emptor
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Wow. We're below April 2010 highs

Thu, 08/04/2011 - 15:38 | 1524518 Dr. Engali
Dr. Engali's picture

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

Thu, 08/04/2011 - 16:13 | 1524611 pazmaker
pazmaker's picture

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

Thu, 08/04/2011 - 19:42 | 1525033 Snakeeyes
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.

Thu, 08/04/2011 - 22:53 | 1525487 Grand Supercycle
Grand Supercycle's picture

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

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.

http://stockmarket618.wordpress.com

Wed, 09/14/2011 - 04:44 | 1667374 chinawholesaler
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