ISM Manufacturing Comes As Expected: 56.6 On Expectations Of 56.5, Declines From October 56.9

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Wed, 12/01/2010 - 11:18 | 767706 Bearster
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The price consumers are willing to pay has nothing whatsoever to do with the cost manufacturers must pay for their inputs.


Wed, 12/01/2010 - 11:23 | 767724 SheepDog-One
SheepDog-One's picture

What do you mean? If youre a manufacturer of anything, your only concern is what price youll be able to sell for, and if you guess wrong on your input and output prices then youre toast.

Wed, 12/01/2010 - 11:18 | 767708 sabra1
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Casey Research:

The almighty U.S. dollar began a rally at precisely 3:00 a.m. New York time [8:00 a.m. in London] for the second day running.  What are the chances that that was a market coincidence, you may ask?  None at all, is the answer.  Two hours later, the dollar was up to 81.35 cents... and it basically didn't move much from that for the rest of Tuesday's trading session.

Wed, 12/01/2010 - 11:20 | 767713 gwar5
gwar5's picture

"Rising material prices..."

Let the deflationists let that one soak in.

Wed, 12/01/2010 - 11:20 | 767717 SheepDog-One
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As usual over the last 2 years, all market movement happened overnite, upon market open everything flatlines. 

Wed, 12/01/2010 - 11:26 | 767737 Salinger
Salinger's picture

Interesting how the expectations are a moving target


from Bloomberg expectation 57

Wed, 12/01/2010 - 11:40 | 767808 No Mas
No Mas's picture

Even funnier how ZH blasts the ISM numbers when they're really good, but seem to find them reliable if the data is not so good.

Very selective outrage it seems.

Wed, 12/01/2010 - 13:03 | 768272 erik
erik's picture

ISM numbers represent a USD that dropped dramatically in Sept/Oct.  The past 4 months of import/export and new orders data from ISM bears this out.  Inventories are increasing at manufacturers.

Next month's ISM release will not be quite so rosy, but should still show growth.  The USD value going forward will play a major role in manufacturing data.

Wed, 12/01/2010 - 11:41 | 767802 99er
Wed, 12/01/2010 - 12:12 | 767846 Cdad
Cdad's picture

And what the market will TRY REALLY HARD NOT TO SHOW US RIGHT that a plus 60 ISM guess is exactly what this engineered rally was betting on....what it was shooting its wad for.

We now return you to your regularly scheduled program of "Europe is Freakin' Doomed!"  to be followed up by "Sovereign Defaults Will Suck."  And tomorrow, "America is Next."

Oh, the amazing things that can be acheived [for an hour or two] with endless super computers and a Fed Reserve Chairman without a soul or beating American heart.  Good grief.

Wed, 12/01/2010 - 12:11 | 767991 Gimp
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Yawn - more numbers.....

Wed, 12/01/2010 - 12:13 | 768001 partimer1
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These numbers are a lot like those from China.  they can be whatever the f*ck they want to them to be. they can always be a beat and revise them down later. 

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