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S&P futures tumble, -0.6% following the weak China PMI print. The euro extends its bear run,...

S&P futures tumble, -0.6% following the weak China PMI print. The euro extends its bear run, -0.3% to $1.2330. Hardest hit are the aussie, -0.7% to $0.9668, and Australian shares, -1%.
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Comments (8)
  • untrusting investor
    , contributor
    Comments (9964) | Send Message
    So the weakening world economies are starting to show up the stats now. How long until the US multinationals, with large overseas revenues and profits, start to report lower earnings and guidance now?
    31 May 2012, 10:19 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2277) | Send Message
    Watch for more massive cost cutting (layoffs) before lower earnings and guidance.
    31 May 2012, 10:26 PM Reply Like
  • blablah
    , contributor
    Comments (147) | Send Message
    Asian markets are cheering the bad numbers after initial drop...QE hopium more addictive than bath salts
    31 May 2012, 10:47 PM Reply Like
  • jbind
    , contributor
    Comments (75) | Send Message
    And a day after the Chinese said nothing big was on the way.
    31 May 2012, 11:45 PM Reply Like
  • Sam
    , contributor
    Comments (9) | Send Message
    why blame President Obama? His predecessor did all the damange.
    There are no jobs in this country. everything is outsourced. The only jobs we have is the ones in min wage like Mcdonalds. This country has had a structural change. The sooner you accept it, the better you will be. There are no jobs in this country. Everything is going overseas.
    1 Jun 2012, 12:22 AM Reply Like
  • criticalbear
    , contributor
    Comments (84) | Send Message
    this is hilarious to me. i've been an avid follower of seekingalpha for three years now and every summer, we have all these bears in the woods with the same lines "oh look at the economy in the crapper again" then come Q4-Q1 when all companies are hitting record profits and numbers start going up, they just say "wait man, wait 'til the 'real' numbers come out"
    1 Jun 2012, 12:57 AM Reply Like
  • Playdeep
    , contributor
    Comments (58) | Send Message
    Earning reports are like looking in the rear view mirror. It tells you what has happened not what is going to happen. There is clearly a global slow down coming, some of Europe already is in a recession, Asia is slowing, the America's are in a slow growth mode at the moment. Will have to see how this will effect our growth rate. Would not be a bad idea to get defensive on the Equity side of one's portfolio (blue chip companies, dividend payers, lower beta, and in some defensive sectors: consumer staples, health care, utilities. Will have to see what happens.
    1 Jun 2012, 01:15 AM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
    Oh dear, the global debt cotton candy machines are starting to run out.


    Ctrl-Print? Is there ink left? Will it matter?


    How many empty concrete cities can China build?


    I'm sure they've learned channel stuffing from GM but really now.


    China can't save Europe and U.S. from recession, and will be pushed into it by the cascading shrinkage from both.
    1 Jun 2012, 02:03 AM Reply Like
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