ISM Prints At 52.7 On Expectations 51.8, Up From 50.8 Previous; Employment Index Drops

Tyler Durden's picture

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AngryGerman's picture

that's a fundamental. not interesting. move along.

stormsailor's picture

it appears that the fed/europe swap backstop has cured all the problems.  the /es is roaring like a harrier jet, straight up.  i know my business isn't doing great, people are broke as a joke.

SMG's picture

Gosh, stop talking about reality. Like that even matters anymore.

Carlyle Groupie's picture

Read the charts. Employment is back in fashion and everything we Hoped for is Changing.

Soon you will be flush with cash. I promise.

firstdivision's picture

Construction Spending is up as well, but BBG Consumer Index was flatish. 

SDRII's picture

All GDP managament with PCE weaker and inventory a drag need something to grow ergo a virtual investment boom to steer towards the goal.

101 years and counting's picture

Is there a reason why the US debt auctions from last week were not settled as of Tuesday?  I think we've moved past liquidity crisis and are at a solvency crisis.  And then Ben couldnt even sell $8.5 Billion in bonds yesterday.  The red lights are sirens are going off imo!!!

 

distopiandreamboy's picture

Be quiet the markets are up so everything must be fine! No crisis here! Sarc/off

steelrules's picture

Don't know if it's the tin foil hat in me or it's really just the christmas bump in the numbers, but I'd say the fix is in.

AngryGerman's picture

where you livin'? hopetown in utopistan?

steelrules's picture

Fix is in as in the better numbers are all Bull S#*t.

Archimedes's picture

Oil comfortably above $100 a barrel now....

firstdivision's picture

Some mid OTM USO puts are looking a bit attractive.

carguym14's picture

It's not gonna be "comfortable" to a lot of people......

EscapeKey's picture

Right, so since European, British, and Chinese manufacturing are all at 24-month lows, what seems to happen in the US has started exporting large amounts of bullshit to her trading partners.

Mike2756's picture

Sideways chop like 2006-2008 from here into 2013?

Mark123's picture

Interesting that Target reports on meager sales increase, and projects low single digit growth for December.  I thought sales are up about 20%?

So much of this market is based on extending easy credit, and using psychology to encourage speculation.  Big question is whether or not the latest central bank liquidity plan is going to flood the economies of the world with fresh cash, or is just enough to protect the banks from collapsing.

slewie the pi-rat's picture

 

nomo recession!  growth is assured!  no chance of anymo bad news, now, bears!

  • eat your honey
  • curl up
  • hibernate

 

Carlyle Groupie's picture

I can't wait to see the numbers on Robo's prostitute index.

I'm betting we'll see an erect upward trend.

infinity8's picture

It's the spend-it-or-lose-it season.

Larry Darrell's picture

"Curiously, and as always happens in strange times, exports increased and imports decreased. One wonders just how realistic an export surge to imploding Europe or China really was in the past month really was."

 

Tyler, you already know where the exports are being absorbed.

http://www.zerohedge.com/news/bottomless-import-hail-mary-black-hole-uncovered-it-hong-kong

DUNTHAT's picture

some more jobs ----

 

GMadScientist's picture

And with their channel-stuffing duties complete, the good people of shittytown were laid off and sent on their merry way (we don't like vagrants around here, so please move along).

 

apu123's picture

It seems like the last couple of years we have been hopping from one managed data point to another, from one stage managed big summit/meeting to another.  Each touted as holding the promise for a solution to the problems.  The financial media says "Don't dump your stocks now, don't riot the solution is right around the corner!"  They try and paint the picture that things are improving, employment is picking up, businesses are starting, look its green shoots!

They are just trying to buy time to get themselves out and position for a better seat at the table after it does implode.

Its part a political narrative to get Obama reelected or some other member of the machine instead of somebody like Ron Paul and part an effort to keep the population sedated on Dancing with the Stars, McRibs and Lady Gaga.  If the general public knew how bad things were they might turn of the plasma screen and prepare. 

It is a lot like the officers on the Titanic telling passengers as the stern lifted out of the water "Nothing to worry about here we have some talented guys who are smarter then you working on it."

One thing that bothers me is the people who get taken down first will be those who prepared, they will either get taken down by their neighbors or the government.  You can have all the .45 ACP in the world and it won't help if a SWAT team or Special Forces unit is used, you are as good as dead.  If it is just local Law Enforcement you might stand a chance until they call in the previously mentioned groups.  An example is what happened to the ex-military guy in Arizona who was shot dead in his home by SWAT a couple months ago, they got the wrong address.