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CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375
TBI ^ | 11-30-2011 | Joe Weisenthal

Posted on 11/30/2011 7:08:09 AM PST by blam

CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375

Joe Weisenthal
Nov. 30, 2011, 9:45 AM

The good news keeps rolling in.

The Chicago PMI came in at 62.6, well ahead of expectations of 58.5.

The Dow is up 380 now.

Stocks were already surging thanks to major central bank intervention, as well as a strong ADP number.

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


TOPICS: News/Current Events
KEYWORDS: djia; ecb; inflation; pmi
Happy Days Are Here Again. (Vote Fo Obama)


1 posted on 11/30/2011 7:08:14 AM PST by blam
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To: blam

We’re getting pretty close to breaking 12,000 on the Dow.


2 posted on 11/30/2011 7:12:49 AM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: BunnySlippers

Money fleeing Europe?


3 posted on 11/30/2011 7:13:48 AM PST by jpsb
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To: blam

ADP numbers looks solid. I’d guess the unemployment rate ticks down below 9%. US economy seems to be improving going into 2012. Unfortunately, that is going to be good news for Hussein.


4 posted on 11/30/2011 7:14:18 AM PST by Longbow1969
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To: blam
There are a couple interesting charts on this thread about inflation/deflation that are interesting.

Stock Market Report Hyperinflation!

"With these two charts in mind it is extremely important that you try to understand the following: in no possible world can you have inflation/hyperinflation with these two charts declining as they have been over time. You can print until hell freezes over and you will still be condemned to deflation.

How can the Fed and the ECB print as much as they did and not produce inflation? In very simple terms all that money was not meant for public consumption and it did not produce one bit of growth. It went to a select few and the bill was passed to the many.

5 posted on 11/30/2011 7:15:24 AM PST by blam
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To: blam
The DOW needs an 'abuse' button.
6 posted on 11/30/2011 7:16:19 AM PST by Glenn (iamtheresistance.org)
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To: blam
The DOW needs an 'abuse' button.
7 posted on 11/30/2011 7:16:35 AM PST by Glenn (iamtheresistance.org)
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To: Longbow1969
I’d guess the unemployment rate ticks down below 9%

By October 2012, the sheeple will be herded into believing Obama's policies worked after all. They'll be told to believe unemployment is 8% and that giving Obama another term in the WH is the ONLY way to avoid mass starvation in America.

8 posted on 11/30/2011 7:18:54 AM PST by ScottinVA (I miss America.)
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To: blam
Predicted future headline, exactly one month from today:
( time machine on )

PRIOR MONTH PMI REVISED DOWN: MARKETS PLUNGE: REPUBLICAN PRIMARIES BLAMED


Joe Weisenthal
Dec. 30, 2011, 9:45 AM

9 posted on 11/30/2011 7:19:18 AM PST by Cringing Negativism Network ("Galts Gulch" <> Communist China)
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To: jpsb

Bingo. No matter how badly Barry screws-up, Europe will always be worse.

The ChiComs are like the guy at the poker table who relies on his winnings to feed the 11 kids he has at home. He can’t afford to let the game end for any reason.

The Saudis are like the guy at the table who needs to keep winning in order to keep paying off the Mafia loan sharks who are going to kill him if he doesn’t keep paying. They too can’t afford to have the game end.

As screwed up as we are, we are, it appears, too big to fail.


10 posted on 11/30/2011 7:20:25 AM PST by Buckeye McFrog
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To: Glenn

What I am hearing on Glenn Beck this AM is that the USA (fed) is bailing out Europe and that is why the market is way up.


11 posted on 11/30/2011 7:21:40 AM PST by jpsb
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To: jpsb
"What I am hearing on Glenn Beck this AM is that the USA (fed) is bailing out Europe and that is why the market is way up. "

Everyone will 'PRINT' more money.

12 posted on 11/30/2011 7:25:00 AM PST by blam
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To: ScottinVA

8% is still higher than when he took office. When FDR and Reagan ran for reelection, the unemployment rate was lower than when they began their first term. 8% will not help Obama get reelected.


13 posted on 11/30/2011 7:36:46 AM PST by kabar
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To: jpsb
Central Banks Aim Bazooka Of Cheap Dollars At European Banks
14 posted on 11/30/2011 7:40:38 AM PST by mewzilla (Santelli 2012)
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To: kabar
8% is still higher than when he took office. When FDR and Reagan ran for reelection, the unemployment rate was lower than when they began their first term. 8% will not help Obama get reelected.

That's debatable. I think if Hussein can claim things are going in the right direction that it helps him quite a lot. If unemployment really goes down a full percentage point this year and the economy continues to improve, then I think his path to re-election is pretty strong.

There is no question we are seeing at least a temporary improvement in the economy. All Hussein needs is for that boost to last for the next several months - long enough to be able to claim all his "hard work" has finally turned things around.

15 posted on 11/30/2011 7:51:02 AM PST by Longbow1969
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To: blam

Turning point for economy? If so, Obama is popping corks in the WH.


16 posted on 11/30/2011 7:52:15 AM PST by montag813
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To: kabar
8% will not help Obama get reelected.

Not in and of itself, but the barrage of propaganda by the "media" will help convince the sheep of "progress," and how unfortunate a change in national leadership would be, just as the "economy is rebounding."

Modern "media" is unbound by truth. It's all about the narrative.

17 posted on 11/30/2011 8:01:37 AM PST by ScottinVA (I miss America.)
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To: Longbow1969
Obumbler’s problem is the fact that employment lags way behind the economy, and the losers in his base will be the last ones hired in a turnaround.

When the idiot goes on TV to say how great things are he will just pizz them off more.

18 posted on 11/30/2011 8:08:49 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Cringing Negativism Network
Predicted future headline, exactly one month from today: ( time machine on )
PRIOR MONTH PMI REVISED DOWN: MARKETS PLUNGE: REPUBLICAN PRIMARIES BLAMED

Indeed. I told my boy the markets remind me of those nature films that show shoals of baitfish mindlessly darting about.

I just looked at the Yahoo Finance page, which trumpeted "Stocks Leap on Central Banks' Coordinated Action". Off to the left, in smaller print, it whispered "When Will Housing Hit Bottom?"

19 posted on 11/30/2011 9:03:30 AM PST by Oatka (This is the USA, assimilate or evaporate.)
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To: Longbow1969

Name one president who has been reelected after his first term with an unemployment rate higher than when he took office.


20 posted on 11/30/2011 9:09:21 AM PST by kabar
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To: ScottinVA

I guess it will be a case of whom do you believe, Obama and his MSM enablers or your lyin’ eyes?


21 posted on 11/30/2011 9:12:19 AM PST by kabar
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To: blam
"How can the Fed and the ECB print as much as they did and not produce inflation? In very simple terms all that money was not meant for public consumption and it did not produce one bit of growth. It went to a select few "

Doesn't compute. It doesn't matter WHERE money "goes" (ask the Germans after Versailles) it WILL produce inflation if you have too many dollars chasing too few goods.

22 posted on 11/30/2011 9:51:21 AM PST by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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