Wednesday, September 30, 2009

PMI numbers send stocks quickly lower

Just sharin. You never know which economic number will be the one the market listens to. The just-released Chicago PMI (Purchasing Managers Index) was a reading of 46.1 versus the expected 52 -->> quite a disappointment, and anything under 50 represents negative growth. It may offer legitimacy to my skepticism about a Business Roundtable report yesterday. The Dow dropped at quick 85 (ish) points.


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