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China' official May PMI falls to 50.4 vs. 52.2 expected and from 53.3 previously. It's the...

China' official May PMI falls to 50.4 vs. 52.2 expected and from 53.3 previously. It's the biggest drop in 28 months and marks a bit of catching up for the official measure, which came in substantially higher than the HSBC read in March and April.
Comments (6)
  • jbind
    , contributor
    Comments (72) | Send Message
     
    How the hell are risk assets coming off their lows so hard after this?
    31 May 2012, 09:33 PM Reply Like
  • azreeal
    , contributor
    Comments (108) | Send Message
     
    I agree, I spent the entire day in disbelief, there is no logic to the way the market has reacted the past few days, unless tomorrow is a blood bath, then it makes perfect sense. Reverse rope a dope.
    31 May 2012, 10:06 PM Reply Like
  • jbind
    , contributor
    Comments (72) | Send Message
     
    I sold Copper futures just after the PMI and hit the low tick (grr)....Covered for a nice loss. Makes no sense. Copper should be getting slammed. I'm short again hoping for some sanity to come on!
    31 May 2012, 10:17 PM Reply Like
  • kitchenboy
    , contributor
    Comments (28) | Send Message
     
    got that right az, nothing but crap news and the market ran, shotgunned puts EOD
    31 May 2012, 10:21 PM Reply Like
  • Villi Grdovich
    , contributor
    Comments (598) | Send Message
     
    Your trading indicators must be wrong...perhaps a minus sign instead of a plus sign somewhere.
    1 Jun 2012, 12:29 AM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    We may be reaching a bottom where people are now looking for a recovery.
    1 Jun 2012, 04:08 AM Reply Like
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