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Market recap: Stocks end flat as traders talk up QE3 after the new ISM report showed...

  • Monday, July 2, 2012, 4:10 PM ET
    Market recap: Stocks end flat as traders talk up QE3 after the new ISM report showed manufacturing contracting for the first time in two years. As the U.S. catches the slowdown underway in Europe and China, some say the Fed could step in as soon as its next FOMC meeting. Treasury yields fall to one-month lows; crude oil futures retreat. NYSE gainers top losers nearly two to one.
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This news story has 14 comments:

  •  
    who are these "traders" talking up QE3

    good news - business is rotten
    2 Jul 2012, 04:14 PM Reply Like
  •  
    lol you just read my mind. what a bunch of hooey.
    3 Jul 2012, 02:31 PM Reply Like
  •  
    Gold did not confirm this sentiment today.
    2 Jul 2012, 04:14 PM Reply Like
  •  
    In other words, markets went ahead and rallied because they think their dealer is on the way...
    2 Jul 2012, 04:17 PM Reply Like
  •  
    Economic data report is bad---markets up; economic data report is good---markets up.

    Happy days are here again.
    2 Jul 2012, 04:17 PM Reply Like
  •  
    The big boys are trying to suck as many sheep as they can into the market, so in another week or two they can all be sheared.
    2 Jul 2012, 04:21 PM Reply Like
  •  
    Bad is good, right that makes sense. What will be te tipping point for these markets to realize that printed money is not an asset that actually had value and should really be considered bearish news...?
    2 Jul 2012, 04:22 PM Reply Like
  •  
    azblackbird has the big boys mixed up....it's the Fed and Obama that are trying to prop up the market...Housing is bad, bond yields are ZERO, and the only casino game they can manipulate is the stock market...gotta love the "bad news is good, Godd news is good' mantra

    This will end UGLY when the music stops So far QE (whatever Number we're REALLY on) hasn't done JACKSH&T for the "real economy" or retirees who can't risk everything
    2 Jul 2012, 04:32 PM Reply Like
  •  
    No, big boys aka GS who just a week ago said to short the market. The sheep/muppets didn't have a clue they were about to be sheared. Now GS and it's cronies are trying to bump the market up just a little more, to capture the rest of the sheep/muppets who are now long for fear of missing out on any QE money, which we all know will never come until the S&P is sub 1100 and oil is at $75 or less.
    2 Jul 2012, 08:37 PM Reply Like
  •  
    Anytime the market goes up and no one can explain why QE3 is mentioned. Why don't you guys just say the market is up and we don't have a clue why. I would believe that.
    2 Jul 2012, 04:54 PM Reply Like
  •  
    First sub-50 ISM reading in three years and we're flat? (Not to mention Europe, China, EMs in general, etc) That's terrible news... the only logic is that the markets suspect this will move BB closer to additional QE.
    2 Jul 2012, 05:03 PM Reply Like
  •  
    Looks like the Plunge Protection Team was buying? The market went up at the end of the day, just when these guys like to intervene.
    2 Jul 2012, 04:55 PM Reply Like
  •  
    Lowest volume today in a decade. Alarm bells are ringing shrill.
    2 Jul 2012, 05:12 PM Reply Like
  •  
    Desperate for another hit of QE regardless of damage done to market and economic health. Wallstreet "traitors", not traders.
    2 Jul 2012, 07:10 PM Reply Like
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