Skip to comments.CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375
Posted on 11/30/2011 7:08:09 AM PST by blam
CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375
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 ...
We’re getting pretty close to breaking 12,000 on the Dow.
Money fleeing Europe?
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.
"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.
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.
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.
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.
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.
Turning point for economy? If so, Obama is popping corks in the WH.
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.
When the idiot goes on TV to say how great things are he will just pizz them off more.
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?"
Name one president who has been reelected after his first term with an unemployment rate higher than when he took office.