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

To: Donald Wennerstrom who wrote (56765)7/2/2012 12:52:33 PM
From: Return to Sender1 Recommendation  Respond to of 95765
 
An unexpected decline in manufacturing data seemed to be the predominant factor pushing the Dow lower today. The Institute for Supply Management said its index of national factory activity fell almost four points to 49.7 from 53.5, far below expectations of 52.2 for the month of June. This marks the first time since July 2009 that the index fell below the 50 mark, which indicates an economic contraction. Stocks immediately turned lower following the data's release earlier this morning. While the decline in American manufacturing arrived unforeseen, a larger decline in eurozone manufacturing came as no surprise, as factories in Germany and France show they're suffering from the problems of their southern neighbors.

fool.com



To: Donald Wennerstrom who wrote (56765)7/2/2012 2:48:19 PM
From: Return to Sender1 Recommendation  Read Replies (2) | Respond to of 95765
 
I tell you what Don, whether the stock market is cheap or not, it's doing a pretty good job of hanging in there despite us getting a really poor ISM number. I am impressed that the market can do this well with another domino falling that is suggestive of the US going into recession.

Maybe the market can rally regardless of what the economy does?

Nah....

LOL, RtS


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