Gee!...I wonder what would make stocke rise?
Posted on 05/01/2013 9:30:54 AM PDT by John W
NEW YORK (TheStreet) -- The S&P 500 fell after a spate of negative surprises in economic reports was balanced against expectations that the Federal Reserve will not be winding down its asset purchases in the near future.
The latest employment numbers pointed to a slowdown in the economy with payroll processor ADP reporting that the private sector added 119,000 jobs in April vs. a downwardly-revised 131,000 in March. The number was below the consensus estimate of 150,000, according to Thomson Reuters.
Similarly, the ISM Manufacturing Index dipped to 50.7 in April from 51.3 in March, falling further than the 50.9 economists, on average, were expecting, according to Thomson Reuters. The construction spending number for March was also a disappointment, falling 1.7%, compared with forecasts for a 0.7% rise, and following an upwardly-revised increase of 1.5%.
(Excerpt) Read more at thestreet.com ...
Muddy Outlook???...Jeez Louise!...It’s WAY BEYOND mud!
Festering bog is more like it.
...all the way to steaming cesspool status!
Muddy outlook? Obama is in until 2016, the economic picture is clear as a bell.
Somebody call Pete Seeger — We’re waist-deep in the Big Muddy!
“...spate of negative surprises...”
Only surprising to the head-in-the-sand, the-Marxist-can-do-no-wrong crowd.
Add CBC member Mel Watt and we have a partay!
Steaming indicates life. Our economy is as lifeless as Trayvon.
yet again unexpected!
unlike these f’ing idiot economists, i expect next month’s figures will be unexpectedly low, too!
:-(
Recovery is not brain surgery. About everything you buy is made in other countries. ‘Make is here, make it now’ will solve our economic problems.
The “muddy” in the headline might be one slightly encouraging note as to reporting.
DJIA down 118 at the moment. Which is about as bad as it’s usually allowed to get on Obama’s watch before the powers that be pull it back.
Gee!...I wonder what would make stocke rise?
The latest: U.S. stock indexes slightly reduced Wednesday losses after the Federal Reserve said it would maintain its current monetary policy.
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