Manufacturing ISM Follows Chicago PMI With A Miss; Declines To 50.8 On Expectations Of Rise

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Tue, 11/01/2011 - 10:16 | 1832050 HelluvaEngineer
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Who cares?  BTFD'ers out in full force this morning.  Doing as they have been trained.  Not even smart enough to wait for the bottom of the range.

Tue, 11/01/2011 - 10:20 | 1832069 HelluvaEngineer
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Yay.  All it took was gov't subprime lending.  On a local radio station, a local GM dealer brags that they can get you into a new Camaro with a 450 FICO score.  The kicker - you don't have to make a payment for 6 months!  Bankruptcy?  No problem.  Not kidding.

Tue, 11/01/2011 - 10:21 | 1832077 Mike2756
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wow, 450? somebody stop me!

Tue, 11/01/2011 - 10:19 | 1832070 srsly-wtf
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It can't go straight down....there are always knife catchers and weak shorts.

Tue, 11/01/2011 - 10:17 | 1832056 Tsar Pointless
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Who cares? The bottom for the day is in.

After four whole minutes of selling at the open, it's been a relentless grind up in the US equity indices, thanks to our friendly HFT machines.

They're only looking out for our best interests. A rising stock market makes Mr. and Mrs. Serf happy!

Tue, 11/01/2011 - 10:18 | 1832063 gatorengineer
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Bullish --- See the huge drop in prices?  Benny now clear to print.......  Benny needs double digit inflation......

Tue, 11/01/2011 - 10:20 | 1832075 Hansel
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Who pulled the rug out from under everyone?  It really tied the room together, did it not?

Tue, 11/01/2011 - 10:21 | 1832082 qussl3
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The lights are green.

God help us all.

Tue, 11/01/2011 - 10:47 | 1832231 Rockfish
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I spoke to God he said " help yourself get some gold"

Tue, 11/01/2011 - 10:23 | 1832088 srsly-wtf
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The afterglow from the 'Best month for stocks in 30 years" fades.....

Tue, 11/01/2011 - 10:25 | 1832092 firstdivision
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I love how some of the respondents used terms like "deflation", and "contraction".  Guess they must be sending a signal to the Fed. Bank bonuses are in jepordy, must push out QE3.

Tue, 11/01/2011 - 10:25 | 1832093 youngman
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Who cares about the USA today..its all Greece and a little MF .......

Tue, 11/01/2011 - 10:29 | 1832126 CreditcalMass
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Shouldn't inventories be growing in anticipation of the holiday season? Those thanksgiving sales are supposed to start in a few weeks....

Tue, 11/01/2011 - 11:21 | 1832413 CreditcalMass
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A. I don't buy his "leveling of the hump" explanation for a damn minute.

B. The Port of Oakland doesn't matter, let me know when the Port of Long Beach and Port of Los Angeles go on strike.

Tue, 11/01/2011 - 11:32 | 1832470 Mike2756
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Seattle does to some extent, he is right about peak, don't know if it's gone forever. It's been a very weak ramp to the holiday season.

Tue, 11/01/2011 - 10:29 | 1832128 undercover brother
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With this bit of bad news, the market immediately rejected the selloff.   Watch out shorts.   Never underestimate the power of the gov't to manipulate markets when it serves their political agenda.   UP is still the agenda. 

Tue, 11/01/2011 - 10:39 | 1832184 Mike2756
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yep, a lot of stuff trading above the open.

Tue, 11/01/2011 - 10:30 | 1832134 Dick Darlington
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Bullish for equities apparently...

Tue, 11/01/2011 - 10:32 | 1832142 RobotTrader
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We opened up with a TRIN of 10.3 after closing yesterday with a 3.2

And we have had 43 consecutive trading days with -1000 TICK readings.

Any wonder why PNRA, CMG, LTD, etc. are pretty much unfazed today?

Tue, 11/01/2011 - 10:46 | 1832222 Snakeeyes
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Light Dawns on MBS Investors – Streamlined Refis Will Be Lower Than Hoped – ISM Price Index Nosedives

Look at the ISM price index. Deflation anyone?

Tue, 11/01/2011 - 10:49 | 1832243 LawsofPhysics
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Shit.  Someone's lying.

Tue, 11/01/2011 - 10:52 | 1832257 Caviar Emptor
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We're eating more than we're shopping. This has to stop. I call on the Fed to force Americans to do more shopping

Tue, 11/01/2011 - 11:03 | 1832306 jtmo3
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Wondered why we're off the lows. Now I know. Good is good and bad is good. 

Tue, 11/01/2011 - 11:09 | 1832341 HedgeOn
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the establishment will not let the wheels fall of this bus until it's advantageous - qe3 motors are revving


Tue, 11/01/2011 - 11:46 | 1832553 slewie the pi-rat
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well, the inexpensive puts are coming in handy now, eh, sportz lovers?

and, it is not too early to start putting in a some real shitty bids for cheap calls, imo

Tue, 11/01/2011 - 18:12 | 1834583 IveBeenHad
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I recently read a pretty compelling report offering a bull case for falling producer prices.  As inflation pressures fall businesses can stop worrying about costs and focus on investing and growing... The report shows the strong inverse correlation between producer prices (6M forward leader) and PMI.  Prices declines lead increases in PMI by approximately 6-9 months. 

I am making this point b/c the poster said that falling prices is bad for stocks but this point is in direct contrast.  

Wed, 05/30/2012 - 00:30 | 2215930 Marta45
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