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 ...
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.
Cash accounts.
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.
“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.
Down now almost -270
DJIA Down 249 as I post.
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
The reference is my company
Si.
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.)
-273
-280
A lot of it is good, and needed. Some is nuts.
Whew!
Wonder if the PPT will dive in around 3:30 pm ?
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.
Manufacturing companies in our industry are screaming for capable people...none of them out there.
Excellent point. What industry are you in if you don’t mind my asking.
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