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July ISM Manufacturing Index: 50.9 vs. 54 consensus and 55.3 prior. Prices index 59 vs. 68....

July ISM Manufacturing Index: 50.9 vs. 54 consensus and 55.3 prior. Prices index 59 vs. 68. Employment 53.5 vs. 59.9. Inventories 49.3 vs. 54.1. New orders 49.2 vs. 51.6.
Comments (22)
  • Gregory Orr
    , contributor
    Comments (125) | Send Message
    so that's why the market just took a spanking...
    1 Aug 2011, 10:05 AM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (7484) | Send Message
    funny Santelli had just got through saying the whisper numbers were in the low 50s. This wasn't a surprise, the market has become over pessimistic. The real seems to be more panic over Italy and Europe.
    1 Aug 2011, 10:58 AM Reply Like
  • quinnman
    , contributor
    Comments (126) | Send Message
    Too pesssimistic? The market has priced in 3% plus growth and we're about to fall back into recession. You don't pay 18X for S&P during arecession
    1 Aug 2011, 11:16 AM Reply Like
  • bbro
    , contributor
    Comments (10705) | Send Message
    "The looming debt ceiling has government agencies backing away from spending. Forecasting a slowdown in demand in the short term." (Transportation Equipment)
    1 Aug 2011, 10:06 AM Reply Like
  • Sanitylost
    , contributor
    Comments (476) | Send Message
    Look at the China's PMI - the slow down(recession) is now going global. This is not good.
    1 Aug 2011, 10:08 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
    Downgrade still comes no matter what. Backing away from spending cuts that won't be implemented until 2013.


    1 Aug 2011, 10:18 AM Reply Like
  • Tack
    , contributor
    Comments (14308) | Send Message


    China's PMI was down two tenths of one percentage point. That's not even outside of rounding error.


    Let's not get hysterical.
    1 Aug 2011, 10:22 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
    Dat can't be good. So how exactly is monetizing an additional 2.5T, supposed to help this number??
    1 Aug 2011, 10:09 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
    This is looking a lot like December 2007 with the manufacturing ISM.


    November 2007 50.8
    December 2007 47.7



    Based upon the slope of change there is a real good possibility this will slip below 50 in the next print.


    Interestingly the inflation pressures seem to be abating again.
    1 Aug 2011, 10:11 AM Reply Like
  • kmi
    , contributor
    Comments (4527) | Send Message
    Inflation seems to have been entirely QE/commodity based which makes sense since the lack of jobs and general wage decreases appear to be having a more significant deflationary impact in the general economy.


    My rents will be stuck at approx same level or -lower- since 2008-9 and going into 2012.


    I've been saying for a while now that a lot of the numbers aren't reflecting the reality in the economy of low wages low purchasing power and weak real incomes. I think what shadow of growth there was can be attributed to production not consumption and that with consumption still low and no need for inventories to grow... this number should continue downward.
    1 Aug 2011, 11:39 AM Reply Like
  • bbro
    , contributor
    Comments (10705) | Send Message
    Postponable Purchases to GDP 4th qtr 2007
    1 Aug 2011, 10:16 AM Reply Like
  • J 457
    , contributor
    Comments (972) | Send Message
    Just plain ugly.


    The politicians are about to drive another nail into the USA coffin with their debt bill, and the economy is again contracting. How we are only off 40 points is beyond me. The market should be down 200-300 points today alone.
    1 Aug 2011, 10:24 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
    I am buying here and for the next 5% down from here - should they come.


    I want you all to do exactly the opposite and sell.


    1 Aug 2011, 10:37 AM Reply Like
  • J 457
    , contributor
    Comments (972) | Send Message
    Will do. The selling has just started. Wait until funds are forced to sell this month as investors turn to money markets. The risk-off trade will be here until 2012.
    1 Aug 2011, 10:51 AM Reply Like
  • expatsp
    , contributor
    Comments (234) | Send Message
    What are you buying?
    1 Aug 2011, 12:17 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
    You still buying???? You have a little more to go.
    4 Aug 2011, 03:03 PM Reply Like
  • James Quinn
    , contributor
    Comments (1016) | Send Message
    Another brilliant call from the Doc. 5% has come and gone. How about 10%?


    I'll do you one better Doc. I've been short the whole Market and long gold and silver. Trade of the century DOC. Hop on.
    4 Aug 2011, 04:53 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
    lol econdoc...been watching from the sidelines (accumulating silver with divested equities) quietly for some time. You should have listened to me...better yet, just used common sense. I hope no one over the past year(s) has been taking yours and other Keynsian's advice. For the sake of your employees, I truly hope your business is above water.
    Let me know when you're ready to mail out the Mac.
    8 Aug 2011, 12:41 PM Reply Like
  • forgetalpha
    , contributor
    Comments (14) | Send Message
    Say hello to QE3
    1 Aug 2011, 10:56 AM Reply Like
  • Bozerdog
    , contributor
    Comments (464) | Send Message
    We are at 23 months of continuous growth, and still growing...
    1 Aug 2011, 11:00 AM Reply Like
  • davidw3
    , contributor
    Comments (2) | Send Message
    Looks like the big boys got the horrible ISM numbers 50.9 vs. 54 early
    and sold off the the debt rally hype right after the open down 15 points
    on the S & P with big volume selling 1/2 hour before the 10:00 A.M. Release ,
    one has to be nuts to be suckered into this rigged casino
    1 Aug 2011, 11:40 AM Reply Like
  • valueinvestor123
    , contributor
    Comments (327) | Send Message
    They need to start guessing lower. These numbers are only a surprise to those who bought into the mainstream media lies about a recovery.
    1 Aug 2011, 09:53 PM Reply Like
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