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Chicago PMI At 62.3 Versus Expectations Of 56 Print
It appears the earlier market rumor about a Chicago PMI of 53.6 that sent the SPOOs another leg lower were incorrect. Now if only the administration can please reconcile the drop in the economy with the PMI surge all will be forgiven. In the meantime stocks keep trading from headline to headline. Categories posting improvement include Employment, New Orders, Order Backlogs, Inventories and Production, while Prices Paid decline again.
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maybe chicago PMI includes bribes and kickbacks
And Blago hair spray trades since he had a busy month in front of the cameras.
Trusting anything out of Chicago is like trusting anything coming out of Pres Teleprompter's mouth (he's from chicago, right?) Fing manipulated trash. They are pulling out all the stops now.
I run a manufacturing company with vendors in Chicago and I can tell you that I have never been busier. My business supplies the global semiconductor equipment industry and they are going gangbusters. I am also and uber bear, but you must realize that real private US manufacturing is the most productive and efficient sector by far. Of course our combined revenues don't even hold a candle to the losses on bank balance sheets but they are apparently able to hide behind us for now. Yes a bust is coming but you will have to wait until late in the year to early next.
That actually makes sense. I know several small/medium size manufacturers that are quite busy at present. On the flip side, I know about the same amount that are absolutely dead, and dying.
The economy is completely bi-polar, it's not pretty out there and those who are doing well right now, that's great, but I feel it can and will turn on a dime.
Good luck to you sir and thank you for your contribution to the small business world.
Boooooooooooooooooooooooooooooooooooooooooool shit!
hilarious more obama summer of recovery crap -
green obama mobiles
Whew! Now those Chinese solars will roar back...
PMI -- Pump Monkey Index
LOL - now michigan #s unexpectedly surge
LOL! Is there any index which is not manipulated? A farcist paradise where all things are glorious and wonderful.
All of these indexes are complete garbage. It's like watching the 6 o'clock weatherman butcher the weather day after day when you can just walk out your front door and see that it's pouring rain.
nice anology
...and IYR takes off like a rocket. makes sense
I have been fucked over more times by IYR than I can count. It's so f'ing bad that I won't even touch that shit anymore.
Look at the P/E for SPG, VNO, BXP, etc. I'm waiting for them to get to 4 figures (you know, with a comma) before I even consider shorting it.
Fake stats, lies, lies and more lies. Hiding gloomy truth under the carpet!
It's all considered a part of national security now. Which means all economic releases, whether private (S&P) or public (GDP, unemployment etc) fall under the National Security Act and are manipulated. The only thing to believe now is that we can't believe a thing.
That pretty much sums it up. Funny to watch as a disinterested party though.
thats right cog dis, its a state of emergency (like california). in a nationwide financial state of emergency you dont actually get told you are in one until its too late. In the meantime you need to work it out for yourself. the last 2 months of data unfortunately make that task pretty easy.
state of emergency bitchez!
ben announces pause in QE and uptick in economic reporting recovery;
ministry of information
SAY HELLO TO PAPPA!!!!
Signed: The Moster Depression of 2010
..."Prices Paid decline again".
Ding, ding, ding...
All stats can be ultimately revised down 6 months from now "surprising" analysts and the government.
now what do the shorts do.................hmmmmmmmmm
Looks like we have the aerilons to the left but the rudders stuck to the right.
I think they call this a Dutch crab.
Crossed controls will work for a while but sooner or later, there's a heap of smokin' rubble on the ground.
Damit! I should have sold my FAZ and TZA into open.
I think we "need" more indexes, nobody even remembers how they are calculated and who responds to their surveys. They are as credible as CPI with all those modifications. Let's say ZH community is bearish and sceptical of numbers fed to the public but at the time of improvement in the economy even here mood would brighten a bit, we should have our own index showing trends and as for now reading posts shows me that trend down is getting more pronounced and I don't see any change for better. Maybe Big Brother will decide to inject some optimism to ZH at some point and screw up my view of the economy.
A new Index, yes.
But you would need an outside 'expert' to verify it and add gravitas.
I nominate the Steve Liesman Index of Median Econometrix.
Nice to see that BennyBoy was able to get the Chicgao Fed to comply with only a few hits to the kneecaps. CaponEnomics works wonders for the markets.
did the Chicago numbers come out a few mins early? the spike seemed to occur at 6:42-6:43 rather than 6:45
Have a peek @ the AUD/JPY and you will have your answer. BTW the pedal is still being pushed through the floor even as I type.
chicago pmi #s available to subscribers 3 minutes before public release
While I don't want to be perceived as a troll, I'd like to point out that there's a shitload of hypocrisy around ZH. Any and all positive reports are considered fabricated lies. It's all a big conspiracy by the government to control the herd and/or manipulate the market. However, when the ECRI started tanking, you all jumped on board with it and ridiculed those that say it's not a reliable report.
I'm as much of a "gloom and doomer" as anyone here, but you can't have it both ways people. Everyone accepts the negative reports, but discounts the positive ones. The level of hypocrisy is getting deep.
Well said - see my comment above.
I take it you're new here...
"I'd like to point out that there's a shitload of hypocrisy around ZH."
Really?
Whowoodathunkit?
As noted above, you must be new to these parts.
Savant,
There's a huge disconnect out there. It seems that investors are "surfers" riding on the waves. Most common people are living down in the "ocean" below. I'm always amazed by how little empathy there is between the investors and the rest.
This report is potentially good news for people with day-jobs -- it might actually mean life is returning to the reef.
GBPUSD upside continues, since daily and weekly charts remain bullish.
http://stockmarket618.wordpress.com/about
ok.What else is coming out next week??