• Tim Knight from...
    09/16/2014 - 21:37
    What if it had gone differently? What if, six years ago, in the throes of the financial crisis, the political leaders in D.C. had decided that enough was enough, and they were going to seize the...
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    09/16/2014 - 12:16
    I have tons of good stuff to post, but this morning I'm feeling something like this...

Stocks Surge As ISM New York Collapses To 4 Year Lows

Tyler Durden's picture




 

While not a primary macro indicator, the ISM New York's collapse (at the fastest 2-month drop in 4 years) to the lowest in 4 years is yet another indication that the hope the Fed discussed for a recovering economy (and therefore a taper) is an entrely false premise. Business Conditions dropped and expected demand in 6 months cratered from 64.7 to 50.0. This 'bad news' was certainly greeted by the market as good news as taper-off met risk-on...

 

 

While the S&P was already moving at the open, the dismal ISM print set stocks on fire...

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