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The China HSBC index, Aussie PMI, and Tankan are all weak, remarks Mike Jackson, "(And) do not...

  • Sunday, April 1, 2012, 8:26 PM ET
    The China HSBC index, Aussie PMI, and Tankan are all weak, remarks Mike Jackson, "(And) do not confirm official Chinese PMI strength." Nevertheless, risk markets are solidly higher. S&P futures +0.4%, Tokyo +1%, Sydney +0.9%, aussie +0.7%.
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This news story has 4 comments:

  •  
    That's the danger of a market that's on crack. Everything seems like bliss, whether the news is good or bad, it doesn't matter.

    ...something about the market being able to remain irrational longer than you can afford to remain solvent seems to ring true right about now...
    1 Apr 2012, 08:35 PM Reply Like
  •  
    Tankan measures yen sentiment
    Australian PMI is a non-event in a resource economy

    The Chinese number is the key

    E
    1 Apr 2012, 09:50 PM Reply Like
  •  
    And how do you explain the inconsistency with the HSBC PMI? No matter the number even if it was made up by a communist government a market on crack will go up anyway. A strong number and everything is better and coming up roses. A weak number and oh boy more easy money is on the horizon! This market is a bubble fueled by central bank printing, government propaganda and mountains of debt. Best to stay close to the exits.
    1 Apr 2012, 11:55 PM Reply Like
  •  
    The HSBC is a more accurate number than the Chinese PMI.

    Australian PMI is very relevant since most of their commodity exports are to India and China.
    2 Apr 2012, 12:39 AM Reply Like
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