What Recovery? Stocks skid on renewed fears of global slowdown

[topspin]

US Manufacturing Sector Grew More Slowly During June
Published: Thursday, 1 Jul 2010 | 10:14 AM ET Text Size By: ReutersDiggBuzz FacebookTwitter More Share
The U.S. manufacturing sector grew in June for an eleventh straight month but at a slower rate than expected, according to an industry report released Thursday.


AP
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June marked the second straight month of slower growth.

The Institute for Supply Management said its index of national factory activity fell to 56.2 in June from 59.7 in May. The median forecast of 72 economists surveyed by Reuters was for a reading of 59.0.

A reading below 50 indicates contraction in the manufacturing sector, while a number above 50 means expansion.

The report's employment component fell to 57.8 from 59.8. New orders also fell to 58.5, suggesting growth may be moderating.

 

[topspin]

if it weren't for the facts we'd have a decline. LOFL

 

[KMAN]

And it only gets better under the Obama economy...


Fed paints weaker picture of growth and employment - Yahoo! News

 

[rdean]

There is going to be ups and downs. But I suspect you won't see a 6,000 point drop in the Dow like under Bush.

 

[topspin]

The wold is going down the tubes and the sky is falling too, run poor chicken littles. China's economy only grew at 10.5 percent.

Take some advice from a rich person, buy oil stocks.
China buys more cars than than the U.S. and in 5 yrs will buy more than the rest of the world combined. Anybody think that last oils spike is the end of high oil?

 

[Douger]

Thank God we are in a "recovery" can you imagine what it would be like if we weren't!

Stocks skid on renewed fears of global slowdown - Yahoo! Finance

No puede ser ? I made 11 grand last week .
Oh sorry. This is a US board.

 

[william the wie]

There is going to be ups and downs. But I suspect you won't see a 6,000 point drop in the Dow like under Bush.

The current guesses are in the range of 9,000 points.

 

[topspin]

Bp stoping the spill and gold man settling will help unleash the market.

 

[Richard-H]

Thank God we are in a "recovery" can you imagine what it would be like if we weren't!

Stocks skid on renewed fears of global slowdown - Yahoo! Finance

Aw c'mon.

They print this headling when the DOW was down ~140. Yesterday when the DOW was up ~150 the headline s said stuff like:

"Renewed Confidence due to earning reports"

The Stock market is back to it's same old senseless highly volatile self again. Just the way it was before the crash.

If nobody fat fingers a billion dollar sale and there aren't any more Greek crisies popping up, we're back on track.

On average, except for the above mentioned, the markets have been going up for quite a while now. Anybody that pays to close attention to the market on a day to day basis is just going to drive themselves nuts.

I just feel sorry for the guys that have to come up with these headlines...one minute it's up, the next it's down, and they have to come up with some explaination as to why.

The fact is:

The market is manic/depressive. It's only a question of whether it's more manic or depressive at the moment.

 

[boedicca]

Well, BIG FAT DUH!

All government do is transfer income and wealth from those who produce to those who don't. The massive debt binge has gutted productive investment of capital - and now we have the long hangover.

To those who voted for this mess: WTF were you thinking?

 

[Richard-H]

Well, BIG FAT DUH!

All government do is transfer income and wealth from those who produce to those who don't. The massive debt binge has gutted productive investment of capital - and now we have the long hangover.

To those who voted for this mess: WTF were you thinking?

yeah, yeah, yeah...we've heard the big lie before.

The reality is:

The government is increasing the taxes on the non-producing capital hording wealthy and investing it in the producing working class because the wealthy refuse to do so themselves.

Meanwhile, by reducing the return on investment for the wealthy, they're forcing the wealthy to invest in higher risk, growth oriented investments in order to make the equivalent total return on investment.

The wealthy are doing everything they can to resist, but they're either going to have to give in and take the risks or they aren't going to be wealthy any more.