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The JPMorgan Global PMI for December rises to 50.2 from 49.6 previously, the first time in...

The JPMorgan Global PMI for December rises to 50.2 from 49.6 previously, the first time in expansion territory since May. New Export Orders contracted for the 9th consecutive month, but inventories continue to decline as well, suggesting at last some room for further expansion.
Comments (2)
  • GaltMachine
    , contributor
    Comments (1146) | Send Message
     
    Another reason to be bullish. Suggests that the slowdown is turning into expansion again.

     

    Tough to be a bear with so much recent bullish econ data.

     

    I have to admit I am scratching my head a bit at the idea that the markets are celebrating what amounts to a pretty sizable tax increase on just about everyone who holds a job in the US. Not sure how that is a positive but we'll see.

     

    Perhaps it is a short squeeze.
    2 Jan 2013, 01:04 PM Reply Like
  • RonFay
    , contributor
    Comments (29) | Send Message
     
    Expansion on credit.
    2 Jan 2013, 04:51 PM Reply Like
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