Liverpool manager Roy Hodgson has acknowledged that he is bitterly disappointed at his club's exit from the League Cup, but feels that it is too early in the season to become too downhearted.
Hodgson accepts that he and his players must take responsibility for the League Cup exit to Northampton Town but has urged fans not to lose faith in his regime.
"I've had many disappointments. You can't work at 35 years at the level I have without having disappointments," Hodgson told reporters.
"Any criticism which comes my way and the team's we have to accept because it is not acceptable to have a home game in the Carling Cup against a team several divisions below you and not come out with a victory.
"Wednesday was a really bad result for the club, it has knocked us backwards, and has put us in a situation where we are heavily criticized - perhaps rightly so."
Hodgson also adopted a more objective viewpoint when assessing the club's season so far, pointing out that there had been some positives to take from this campaign already.
"Everyone predicted the start of the season was going to be difficult looking at our program, players leaving and coming in and discussions about the future of the club," 62-year-old added.
"That is how it's proved to be. We've had some good moments - with five straight Europa League victories - but also some bad ones, like the [3-0] defeat at Manchester City and the one in the Carling Cup.
"It's been pretty much a mixed bag but we'll live through the bad moments and over the course of the season we'll do well.
"We are reading an awful lot into a bad result.
"If we'd had a positive result on Wednesday this would have been quite a positive press conference as people would have been talking about Manchester United (last weekend), how well we did in the second half, but all of that flies out of the window."
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