Skip to comments.Dow drops over 200 points after US factory data disappoints
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 ...
Can’t keep up the façade much longer.
This is just the beginning. I suspect there will be some attempts to talk up the market, and it will be bolstered temporarily, but we’re heading into a long-term downturn in the market.
Glad I got out of the market 6 years ago. People have called me stupid for missing out on the balloon, but I have other reasons for not participating in cheap theater.
factory data must be hard to come by, what with so many factories closing down
(similar to employment data.. with the current administration “removing so many workers from the work force”)
maybe soon we won’t be insulted by any more of these phoney data?
According to the (p)Resident it’s Fox News Fault.
A veritable commercial for MyRA accounts...
Aren’t deliveries down, too?
Hold on...bumpy ride time?
The explosive growth on the market never made sense in the first place. Investors giving each other the high five while the American economy is in a full scale Depression. Fictional Fed money being pumped into fictitious returns. It is almost akin to watching a compulsive gambler who keeps telling his friends and family that everything is fine.
“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.”
I “went cash” in my IRA last week.
Nothing that MADE IN USA won’t fix.
How did you come up with that date? Thx ;)
Our domestic factories are at the highest utilization rate since 2008
The only reason it isn't being explained that way is that the ptb want the feds to keep printing money, and they're using this as an excuse to cave the stock market if that money doesn't keep on comin'.
The gov’t will soon force you to buy bonds with that cash.
Just in time for the Presidential elections. Sept/Oct./Nov.05
I`m certain they`ll concoct a crisis so Hillary wins in a landslide.
Summary: America is experiencing a series of 7 year judgments, starting in Sept, 2001 (9/11), Sept, 2008 (economic crash), and finally, Sept 2015 (BIG economic crash, and maybe worse).
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