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Empire Manufacturing Tumbles Most In 2 Years, Biggest Miss In 4 Months

Tyler Durden's picture




 

Despite serial extrapolators expectation that last month's 4-year high Empire Manufacturing data would continue to rise, it didn't - instead falling by the most since June 2012 to 14.69 (from 25.6). This is the biggest miss in 4 months. The number of employees and new orders tumbled as inventories collapsed. Of course, when current sentiment plunges, hope comes alive... the surge in 'hope' for 6 months from now to its highest since January 2012.

Empire Manufacturing plunges...

 

But hope soars...

 

Charts: Bloomberg

 

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Fri, 08/15/2014 - 08:41 | 5096693 the not so migh...
the not so mighty maximiza's picture

What a miss!!!  good for 1000 points upward.

Fri, 08/15/2014 - 08:42 | 5096696 Tabarnaque
Tabarnaque's picture

Now we know why gold had to be smashed down earlier this morning...

Fri, 08/15/2014 - 08:43 | 5096702 Notsobadwlad
Notsobadwlad's picture

Looks like normal variation to me.

Nothing in the pattern is broken until we go below -10... or somewhere above 30.

Til then, it is same old, same old.

Fri, 08/15/2014 - 08:46 | 5096711 Dr. Engali
Dr. Engali's picture

It looks like the trend is still up, which can be bullish.... or it can be bearish. It depends on whether good is bad and bad is good or if we've had a rain mixed with sunshine on a cloudy day.

Fri, 08/15/2014 - 08:50 | 5096723 thismarketisrigged
thismarketisrigged's picture

what a fucking farce.

 

isnt it amazing how since last thursday night when futures touched 1893 on the s&p, its been a straight line up since, without any downtick?

 

what a free and unrigged market we have

Fri, 08/15/2014 - 09:17 | 5096841 huggy_in_london
huggy_in_london's picture

Yep and barely a two tick pullback in all of this mess.  

Spoos are basically back at the all time highs.... unreal.

Fri, 08/15/2014 - 09:01 | 5096762 ms8172
ms8172's picture

Hope and Change!

Fri, 08/15/2014 - 09:04 | 5096778 Everybodys All ...
Everybodys All American's picture

These numbers are as made up out of thin air as they can get and they have been for years. You can't make this up unless you can make this up.

Fri, 08/15/2014 - 09:22 | 5096876 ejmoosa
ejmoosa's picture

Here's an idea.  Everywhere you go, ask the employees if they have added or reduced headcount, and added or reduced hours? Then post it back here.

 

I bet we could have the most accurate of pictures of the economy in a matter of hours. 

 

 

Fri, 08/15/2014 - 10:26 | 5097328 Hohum
Hohum's picture

Why the complaints about all time highs in stocks?  Fed keeps interest rates pinned to the floor and drillers can drill the shit out of the Bakken.  What's the problem?

Fri, 08/15/2014 - 10:38 | 5097408 SMC
SMC's picture

Hopium is all they have left.

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