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"

Thursday, December 3, 2009

Oh no!!

ISM shows Contraction!!!



PriorConsensusConsensus RangeActual
Composite Index - Level50.6 52.0 51.0 to 52.0 48.7

and retail

8 comments:

Tony said...

Did you hear that "newsflash" from Leisman: Gibbs the WH guy said something about the unemployment rate creeping up?

Eric said...

it's like nobody understands what the word potential means.

there was a news flash that corrected "Whoever's" misunderstanding of the English language. and they just did a Liesman thing.

but of course... it will be a reason to cover and sell and buy the market.

even though the ISM SHOWS RECESSION!

Tony said...

Yeah, I just heard it. I guess the market's relative non-reaction to the first Gibbs announcement shows "they" kinda figured it out. But, the larger question is why the fuck is Gibbs saying ANYthing about jobs or unemployment the day before NFP. Weak move.

Did the ISM come out yesterday or this AM?

Eric said...

About an hour ago ism came out. he was just saying that jobs may get worse...

the market is on pins and needles isn't it..

Tony said...

NOted this on Bloomberg:

"Other reports today showed first-time jobless claims unexpectedly dropped last week to the lowest level in more than a year and third-quarter productivity rose at the fastest pace in six years."

Tony said...

119

Eric said...

thanks for making things extra easy today.

Tony said...

No charge. I was kinda worried about you this morning...

My dad used to call it "reverse psychology."

Cha-ching.

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