Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Tuesday, December 15, 2009

Looks like an inside day or the start of a downtrend.

ConsensusConsensus RangeActual
General Business Conditions Index - Level23.51 25.0 15.6 to 27.0 2.55

Wow empire came in at 2.55 consensus of 23 that is impressive.

Nearly everything is slowing this month: new orders 2.20 vs. November's 16.66, shipments 6.30 vs. 12.97, employment -5.26 vs. 1.32, workweek -5.26 vs. 5.26, and unfilled orders, -21.05 vs. -2.63. The month-to-month contractions in unfilled orders and the workweek are bad news for the area's factory workers, especially those that are unemployed right now.

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