Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dow drops over 200 points after US factory data disappoints
nbcnews.com ^ | February 3, 2014 | Kate Gibson

Posted on 02/03/2014 9:19:06 AM PST by John W

Disappointing factory data sent stocks falling hard on Monday, with the Dow dropping over 200 points and extending losses after its worst monthly percentage drop since May 2012.

The markets had wavered ahead of the report from the Institute for Supply Management (ISM) which said its index of national factory activity fell to 51.3 last month, to its lowest level since May 2013, from a recently revised 56.5 in December.

(Excerpt) Read more at nbcnews.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-78 next last
To: redgolum

Yikes. Top down is no way to do that... We let our business segments determine the cuts they wanted to make. We did these in 2009 and have added people the last two years when volume picked back up. We just haven’t added as many as we shed.


41 posted on 02/03/2014 10:19:17 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 40 | View Replies]

To: Lou L

Cash accounts.


42 posted on 02/03/2014 10:22:21 AM PST by fwdude ( You cannot compromise with that which you must defeat.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Wyatt's Torch
Our domestic factories are at the highest utilization rate since 2008

Please post references, thanks. My guess is that the total number of factories is at all time low. Not to say the few remaining are not running at high utilzation. Free Traders have the Bill Clinton parsing words disease.

43 posted on 02/03/2014 10:28:32 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Para-Ord.45
"Peter Schiff,"

“The crisis is imminent. I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems. We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.”

Celente Warns Of Coming Riots: “The Collapse Is Engulfing The World”

Albeit...I'm still waiting for the certain collapse that was forecast for the summer of 2010.

44 posted on 02/03/2014 10:30:46 AM PST by blam
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam

Down now almost -270


45 posted on 02/03/2014 10:31:23 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 44 | View Replies]

To: Jane Long
"Gold is up...for now."


46 posted on 02/03/2014 10:34:01 AM PST by blam
[ Post Reply | Private Reply | To 37 | View Replies]

To: dragnet2

DJIA Down 249 as I post.

47 posted on 02/03/2014 10:35:31 AM PST by blam
[ Post Reply | Private Reply | To 45 | View Replies]

To: blam

But you are prepped to the max and plan to maintain. A simple nuclear device in the right place in the Middle East can lead to events that plunge the world financial situation into chaos with Freeper style investments (could be gold or bullets etc) becoming very valuable


48 posted on 02/03/2014 10:40:06 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 44 | View Replies]

To: central_va

The reference is my company


49 posted on 02/03/2014 10:40:49 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 43 | View Replies]

To: dennisw
"But you are prepped to the max and plan to maintain"

Si.

50 posted on 02/03/2014 10:43:56 AM PST by blam
[ Post Reply | Private Reply | To 48 | View Replies]

To: John W
Damn, I remember back in the day when we used to call this just a correction.
51 posted on 02/03/2014 10:47:07 AM PST by The Cajun (Sarah Palin, Mark Levin, Ted Cruz, Mike Lee, Louie Gohmert......Nuff said.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wyatt's Torch

Agreed. Nobody will hire more people than they need.

(If and when our govt permits the American economy to turn around and start growing again, there will be more factories... and even if automated, as most will be, to be sure, that will still create some more jobs for people.)


52 posted on 02/03/2014 10:47:10 AM PST by faithhopecharity (C?)
[ Post Reply | Private Reply | To 38 | View Replies]

To: blam

-273


53 posted on 02/03/2014 10:51:18 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 47 | View Replies]

To: blam

-280


54 posted on 02/03/2014 10:51:46 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 47 | View Replies]

To: Wyatt's Torch
This is coming over by executive decree from Europe. By a minority stock holder that happens to have the biggest block of shares (less than 30%).

A lot of it is good, and needed. Some is nuts.

55 posted on 02/03/2014 10:54:20 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: dragnet2

Whew!


56 posted on 02/03/2014 10:54:26 AM PST by blam
[ Post Reply | Private Reply | To 54 | View Replies]

To: blam

Wonder if the PPT will dive in around 3:30 pm ?


57 posted on 02/03/2014 10:55:28 AM PST by Para-Ord.45 ( Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
[ Post Reply | Private Reply | To 47 | View Replies]

To: faithhopecharity

Agree. This is a growth issue and the government is standing in the way. Couple that with very cheap nat gas and factory conversions to nat gas and we could very well see a manufacturing renaissance.


58 posted on 02/03/2014 10:56:12 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 52 | View Replies]

To: Wyatt's Torch

Manufacturing companies in our industry are screaming for capable people...none of them out there.


59 posted on 02/03/2014 10:56:51 AM PST by MNlurker
[ Post Reply | Private Reply | To 28 | View Replies]

To: MNlurker

Excellent point. What industry are you in if you don’t mind my asking.


60 posted on 02/03/2014 10:58:35 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 59 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-78 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson