Posted on 12/01/2015 9:23:13 AM PST by John W
Manufacturing is in recession.
Data on manufacturing activity in November was released on Tuesday morning, and it did not look good.
The Institute of Supply Management's manufacturing index was a big miss, at 48.6, the lowest since June 2009.
It had been expected at 50.5, versus 50.1 prior. (A level below 50 indicates contraction; above 50, expansion.)
(Excerpt) Read more at businessinsider.com ...
China OTH is in a world of hurt.
Well, yeah! You can tell that by our pitiful orders and bottom line.
Back when I use to follow the market bad news meant bad market, now bad news means good market, it is rare of late to see any good news, yet when there is good news the market goes up but when there is bad news the market goes up more.
It must be my imagination but it sure seems that way to me.
The DOW is up 100 points.............drink
“Manufacturing is in a recession”
Ya think?
Well,it affects me,but,thanks for your concern.
War is profitable, peace is profitable, uncertainty is not. To the smart investor there’s really no such thing as bad news, if you can figure out who’s making money you know who to buy, if you can figure out who’s losing money you know who to short, there’s always money to be made.
Caterpillar inc. has announced that it will lay off 10,000 employees by 2017. It has already started, they very recently laid off 2,000. These include factory workers and white collar employees.
Christmas is looking bleaker and bleaker here in central Illinois.
Up 168.43(0.95%) at the close, drunk.
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