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Chicago PMI: 53.7 vs. 52.5 expected, 52.9 prior. Employment 53.3 vs. 60.4 prior. New orders 52.9...

Chicago PMI: 53.7 vs. 52.5 expected, 52.9 prior. Employment 53.3 vs. 60.4 prior. New orders 52.9 vs. 51.9 prior. Prices paid 54.7 vs. 54.0 prior.
Comments (11)
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Love to see how they came up with that number as it conflicts will all the regional Fed forecasts.
    31 Jul 2012, 09:48 AM Reply Like
  • bbro
    , contributor
    Comments (9911) | Send Message
     
    .90 correlation to the National numbers....
    31 Jul 2012, 09:49 AM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    This month has to be the outlier.

     

    I actually find the comments to be of greater use.
    31 Jul 2012, 09:51 AM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    So where is the recession that has been touted for so long?

     

    After a brief dip all economic indicators are rebounding with force, dealing another blow to the fantasies of doomers.

     

    Those Chicago numbers, including the income numbers say NO recession.
    31 Jul 2012, 10:01 AM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Rebounding with what force?
    31 Jul 2012, 10:10 AM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    David, just one example: "Order backlogs jumped to 52.8 from 42.2". Huge rebound.

     

    Home prices are trending up, the pessimistics better pray this stops right here. Residential Construction has one of the best positive multiplier effects on the economy.
    31 Jul 2012, 10:15 AM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Order backlogs can mean many different things. At this point in the year you should be watching New Orders for an early indication of retail orders for the holiday season.
    31 Jul 2012, 10:20 AM Reply Like
  • Josh ODonnell
    , contributor
    Comments (229) | Send Message
     
    THe Employment # was much lower than expected. WE can't have a full recovery without jobs. It wont happen. They will continue to print the money, inflate the dollar, and fuel the stock market bubble until we can't anymore and that bubble pops.

     

    Its only a matter of time.
    31 Jul 2012, 10:13 AM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Employment has to pick up soon but with Europe and the US election ahead I doubt we will see that happen.

     

    My biggest worry has been the lack of earnings growth in the second quarter which is leading to cuts in this quarter's forecast from 17% earlier this year to 0. Zero growth is not going to give you multiple expansion.
    31 Jul 2012, 10:21 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    The local farmer economy has to have stopped dead in its tracks...Europe is slowing...I hope no one is selling to Greece on credit...China is slowing....so is South America....so where is all this growth coming from...I question the numbers....I just donĀ“t see it in the real world...but economics is different...
    31 Jul 2012, 10:44 AM Reply Like
  • Josh ODonnell
    , contributor
    Comments (229) | Send Message
     
    Its because the numbers are made up: figments of their imaginations.
    2 Aug 2012, 07:43 AM Reply Like
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