Liverpool suffered what was probably their most embarassing Premiership result of the season so far when they were beaten 1-0 at home by bottom of the table Wolves. Worst of all, Wolves fully deserved their win as the Reds were utter, utter rubbish.
"We came here tonight really hoping that after not playing for a while we would get out and give a great performance, fly around the field and play well - but in fact we did just the opposite," said Hodgson.
"It was probably as bad a team performance as we've given, certainly here at Anfield, and to compound the problems we gave them a goal as well, so we don't have a disappointing nil-nil, we have an even more disappointing 0-1.
"Credit to Wolves, they did well. Their game plan was good, they stuck at it and they were very physical in a lot of challenges all over the field, and I don't think we had the tempo or intensity in our game to be able to say we deserved anything more than what we got.
"It's a sad way to end 2010 and a sad first game after three weeks in front of our own supporters, who we were desperate to show we can move up the table and we've let them down.
"They made that perfectly clear to us and I can only empathise with them - if I was a supporter I would be extremely disappointed as well with that performance, as are all the players.
"But football's football. It was a day at the office. They (the players) didn't go out there to play badly or not give their best, it just didn't work for us. There were very few players who came off the field thinking, 'That was as good as I can give.'"