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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (56130)	5/1/2012 5:07:18 PM
From: Return to Sender	1 Recommendation Read Replies (1) \| Respond to of 95546

ISM Chart. It's not up to date but you can extrapolate to the 54 reading last month: bullandbearwise.com I don't think ECRI is ready to give up on their claim that they have never been wrong about an impending recession. If it takes another decade to be right... They will be right! But I don't think they will have to wait too long after the election to be right. JMHO, RtS

To: Sam who wrote (56130)	5/2/2012 10:26:00 AM
From: FJB	2 Recommendations Respond to of 95546

Factory orders suffer largest drop in 3 years Reuters – 18 minutes ago WASHINGTON (Reuters)- New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday. The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February. Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February. While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started. The Institute for Supply Management's index of national manufacturing activity climbed to a 10-month high in April, with a measure of new orders received by factories the highest in a year, data showed on Tuesday. The Commerce Department report showed orders for transportation equipment tumbled 12.6 percent in March on weak orders for civilian aircraft. Orders for motor vehicles and parts was flat in March after rising 1 percent in February. Auto sales surged early in the year reflecting pent-up demand from households after a devastating earthquake and tsunami in Japan caused disruptions to auto production in 2011 and left dealers without models that consumers wanted to buy. Industry data on Tuesday showed motor vehicle sales increased at an annual rate of 14.4 million units in April after rising at a 14.3 million unit pace in March, suggesting fundamental strength in the sector. Strong auto sales buoyed consumer spending in the first quarter and contributed significantly to the economy's 2.2 percent growth pace during that period. Factory goods orders excluding transportation were flat in March after rising 1 percent the prior month. Unfilled orders at U.S. factories edged up 0.1 percent after rising 1.2 percent in February. Shipments of factory goods increased 0.7 percent after rising 0.1 percent the prior month, while inventories gained 0.3 percent. The department said orders for durable goods, manufactured products expected to last three years or more, fell 4 percent instead of the 4.2 percent decline reported last week. Durable goods orders excluding transportation were down 0.8 percent rather than 1.1 percent. Orders for non-defense capital goods excluding aircraft -- seen as a measure of business confidence and spending plans - dipped 0.1 percent in March instead of the previously reported 0.8 percent drop. (Reporting By Lucia Mutikani; Editing by Neil Stempleman)

To: Sam who wrote (56130)	5/2/2012 11:40:03 AM
From: FJB	2 Recommendations Respond to of 95546

US Treasury Prices Climb To Session Highs After ADP Jobs Report May 2, 2012, 8:40 a.m. ET By Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--U.S. Treasury prices shot up to session highs Wednesday after a report showed fewer private-sector jobs were added in April than most economists had expected. Private-sector jobs in the U.S. increased just 119,000 last month, according to a national employment report calculated by payroll processor Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers. The gain was far below economists' median expectation of 175,000 contained in a survey done by Dow Jones Newswires. The disappointing report feeds into increasing fears that the U.S. economic recovery might hit a snag as it did around this time of year in 2011 and 2010. The discouraging read on the country's labor-market conditions for April also doesn't bode well for the government's much-anticipated nonfarm-payrolls release due Friday. In recent trading, bids for safe-haven Treasurys strengthened, taking benchmark 10-year notes up 15/32 in price to yield 1.905%. The 30-year bond gained 1 4/32 to yield 3.104%, while two-year notes edged up a fraction in price to yield 0.262%. Debt prices move inversely to their yields. Tuesday, a strong manufacturing indicator had dented the appeal of Treasurys. But the tone quickly shifted Wednesday as investors were confronted with a slew of disappointing economic signals. U.S. Treasurys were gaining ahead of the ADP data, following worrisome releases from the euro zone earlier in the session. Manufacturing activity in the euro zone shrank as its fastest pace in April in nearly three years, with the reading on Germany's sector falling to 46.2 from 48.4 last month. Meanwhile, the region's unemployment rate increased to match its record high hit in March. The concerns also sent buyers into German bunds, regarded as a harbor within their region. The yield on 10-year German bunds sank about 0.05 percentage point on the day, to 1.614%, testing its record low of 1.598%.