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ISM Manufacturing Tumbles To Weakest In 3 Years As Employment Crashes To Lowest Since August 2009
With Markit suggesting US Manufacturing is at a 7-month high (with new orders surging), The ISM appears to disagree as ISM Manufacturing PMI dropped to 50.1 - its lowest since Dec 2012. The silver lining in the ISM report is that it was a 'Chinese beat' - 50.1 vs 50.0 exp - but with the employment sub-index at its lowest since August 2009, the report is anything but positive. Finally, ISM inventory drops to 46.5 (its weakest since January) after Chicago PMI inventories soared over 60; and along with export orders in contraction for the fifth month (while Markit claims highest new orders in 7 months), today's US manufacturing outlook is just more baffle-em-with-bullshit.
With employment plunging to August 2009 lows...
Full breakdown...
Charts: Bloomberg
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Trend is your friend.
Yup ,down..
Soooo, buy stawks?
Just slather on the Vaseline, stick it in and BTFD since reality is somebody else's problem.....
Is this a sarcastic comment? becaus the markets are actually going up.
You're new here, so I'll forgive you lack of sarcasm detection.
It just seems like everyone here believes the markets are not really going up. I dont know how to tell you that they actually are. its not an illusion.
Your assuming that the market is honest, just like Bonnie and Clyde were bank auditors. Stock price hasn't been connected to real world performance in a long time. Value has been destroyed and stock price is meaningless......
These "surveys" are done to support the theme and agenda of those paying for them. All information gathered and published is bought and paid for. There is no "truth", only opinions of what the "facts" actually mean. We choose our facts, define our truths, to support our opinions, not to defy them.
The real raw data is out there, but you hae to dig for it and it's much easier to listen to the taling heads on TV and bowing down to Wall St. .......
im assuming that while you sit here and comment about how bad the markets are and what bullshit the data is you're not making money. so who cares what people here think. fact is you're all wrong, what if you ignored this site, bought the S&p and made money?
Go for it, I made my money and got out when they started bending the market into a pretzel. Greed isn't worth the cost......
AMZN isn't, and that's one of the cabal's favorite "prop" stocks selling at 800+ times earnings.
My recommendation to you is mortgage the house and buy calls.
Especially since Goldman just came out, as we speak on DJ News, stating that technology and financial services are their two favorite sectors.
Yea mkt is going up. Problem is when they pull the plug. Game over will be bloody and steep.
mkt breadth is weak and looks like fewer players are pushing mkt up on fewer equities.
That is a potentially ugly scenario.
Fed put will end one day, but for now bad manufacturing and employment is great news for the playahhhs! (bill burr accent)
The markets are going up on low breadth. A lot of heavy lifting by a few big companies. These rallies are usually not the long term type.
Recovery!!!!
Buy!!!!
Employment doesn't seem to matter to the Wall Street crowd anymore. The BLS hides any real numbers significantly so that those unemployed longer than 6 months really don't count anymore.
All is fine until stock buy-backs stop and profits get low enough where they cannot hide the obvious.
And the Spoo explodes.
Awesome! So DOW +100 aaaand done.
Stocks new intraday high !
Our factory workers are out in the plant slaving away just so Wall Street Money Manipulators can get even richer gambling on rigged markets they helped fix by bribing Fed Members with future dreams of million dollar paydays.
USA! USA! USA!
Stocks up, gold/silver down.
Mission accomplished, bitchez!
Numbers? We don't need no steenken' numbers. (They're all fake)
This continuing farce has been annoying for going on seven years now. It's gotten beyond just annoying to becoming outright depressing.
I just got my notice from SS. I will begin getting a regular direct deposit on February 10, 2016. Figure the govt. is still good for maybe another year, so I will cash in to a degree, but not liking it. I mentioned to a friend that the fact that they're going to give me money proves that they're a bunch of idiots. Maybe I should have said they're a bunch of lying thieves. Maybe that would have been closer to the truth.
On a happier note, I plan to grow lots of tobacco and vegetables this Spring. I figure to still be alive by then. Barely.
Gold is geting lower since 2011.
Don't trust numbers trust trend.
What is that 'trend' based on, by the way...?
I like your idea of raising tobacco. Something tells me the coming 'difficulties' are going to expeditiously dispense with much of the politically-correct social memes of the current era, like smoking for example. All good in my book.