BIG MISS: ISM MANUFACTURING FALLS TO 49.5 (Analysts expected 51.4)!!! Differences between first half of year and remaining half are very dramatic

zerohedge‏@zerohedge

ISM Mfg prints at lowest in 2012

2 minzerohedge‏@zerohedge

ISM Mfg: 49.5. Exp. 51.4. Last 51.7

UPDATE: November ISM Manufacturing is out.

The index reading came in at 49.5, well below estimates of 51.4.

Click here for updates >

The number indicates that American manufacturing has passed from expansion mode into contraction.

The Prices Paid index also fell below expectations to 52.5 from 55.0 last month.


Read more: [link to www.businessinsider.com]

Recovery, bitchez.

zerohedge‏@zerohedge

Customer Inventories plunge to 42.5: very negative for Q4 GDP

Short-Term Geocosmics and Some Longer-Term Thoughts


The current critical reversal zone is not over yet. On Sunday, December 2, a very important geocosmic signature occurs, known as the Sun- Jupiter opposition. This is one of the most significant of all trading signatures used in Financial Astrology for timing stock market turns. Within an orb of 10 trading days, this signature has an impressive 50% correlation to reversals in 50-week of greater long-term cycles! It has a 75% historical correlation to primary cycles within 10 trading days. This is huge (but then, so is Jupiter), so what does it say about stock indices as well as the government’s ability to resolve the “Fiscal Cliff?” It provides a unique insight, in my opinion.


First of all, let’s consider my own bias, which is that the White House and Congress will not come to an agreement by Christmas, despite President Obamas proclaimed “wish” to get the deal done by then. To me, it is amazing that investors took that statement as a reason to be optimistic on the lunar eclipse of Wednesday, November 28. The DJIA had fallen over 100 points in the first hour of trading before the ‘wish” was pronounced. Then it rallied to close up 100+ points. Everyone “wishes” to get a deal to avoid the “Fiscal Cliff” by Christmas, which really means by Friday, December 21, so lawmakers can take the extra-long holiday vacation this year. In other words, no one wants to hang around Washington DC after December 21. If they don’t get it done by then, they probably aren’t going to get it done by January 1, which means a boatload of new taxes and spending cuts will go into effect that many economists predict will push the USA into a sudden and sharp recession. If the USA falls off the cliff, so will the rest of the world, for Americans are the biggest consumers on earth.


But back to the issue, and the Sun-Jupiter opposition. Every day that gets closer to December 21 is a day in which angst will increase, and so will the blame. Every day closer to December 21 is one day closer to the probable “rush to exit” by investors. As we approach December 13, the panic to exit stocks will probably increase greatly, and the sell-off (once started) will build momentum, for that is the date that Uranus turns stationary direct. And when Uranus is highlighted, there is no bottom or top to the market. Uranus has no respect for support or resistance. It likes to be in “breakout” mode, especially as it is already in its powerful waxing square aspect to Pluto. Thus, failure to make a new high next week would mean the Sun-Jupiter correlated with a crest this past week, and the selling pressure will start in earnest. Even if it does make a new high early this coming week, selling pressure could start up at any moment, absent an agreement from Washington.


Now, in case my bias is wrong and there is an agreement, then stock prices could soar into a crest around December 13, +/- a couple of days. Uranus would be wildly bullish. But then reality would set in and traders and investors alike would realize that there really is no fundamental tax reform in effect that is needed to truly stimulate the economy by creating new jobs, and bringing about a reason for higher wages. That – and only that –will create the revenues the White House seeks to make a dent in the debt situation long-term.


So it is possible the “Cliff” is averted, but the “can” is still being kicked down the proverbial road on what is really necessary to change. And Saturn is in Scorpio through 2015, along with Uranus and Pluto in waxing square. In other words, the “Day of Reckoning” (Saturn in Scorpio) is still coming, and with it, there may be one more meltdown ahead before the financial system’s foundation is seriously rebuilt for long-term sustainability. And the cause of that meltdown may not even be in the hands of the USA. It seems to me that it is more in the hands of Europe next year, which is a subject covered in great detail in the Forecast 2013 Book, due out shortly. [link to www.mmacycles.com]

zerohedge‏@zerohedge

From ISM respondents: "Economy is very sluggish. Production is down and orders have slowed considerably from Q1."

zerohedge‏@zerohedge

"Differences between first half of year and remaining half are very dramatic"

zerohedge‏@zerohedge

ISM'S HOLCOMB SAYS SANDY EFFECT MAY BE DELAYED. December ISM will be even worse

just saw the following headline:

''IBM workforce keeps dropping in US, grows in India''

zerohedge‏@zerohedge

According to JPM, iPhone sales will now contribute 33% of the Q4 GDP upside growth

funny and true.

With gun sales being the other 77%!!

Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Above 50.0 indicates industry expansion, below indicates contraction.

Jan. 3 2012 - 53.9
Feb. 1 2012 - 54.1
Mar. 1 2012 - 52.4
Apr. 2 2012 - 53.4
May 1 2012 - 54.8
June 1 2012 - 53.5
------------------
July 2 2012 - 49.7
Aug. 1 2012 - 49.8
Sep. 4 2012 - 49.6
Oct. 1 2012 - 51.5
Nov. 1 2012 - 51.7
Dec. 3 3012 - 49.5

Contraction for sure.

[link to www.godlikeproductions.com]

Good point. Are there any legit stats on the gun sales boost to GDP?

That's because for the second half of the year business was holding their collective breath.
They were hoping the right guy would win, Romney.
But, with Obama now winning you know this will only get much, much worse.
So, now business has exhaled but now they won't breath in another breath because they know with Obama in charge the air is now poisoned.
Poisoned beyond believe.
Hey Obama voters, this is what you asked for.
FU Obama voters. You are scum.

WELL. BETTER THAN EXPECTED !!
THE USUAL !!

Not better than expected at all.


The index reading came in at 49.5, well below estimates of 51.4 and last month's reading of 51.7.

Read more: [link to www.businessinsider.com]

Just a reminder: as a nation we re-elected the guy who knows diddlysquat about economics and job creation. I'm sure he thinks it's time to throw more "stimulus" money at green energy companies.

I know , you did not get my sarcasm !! Nowadays every economic doom news is announced as better than expected or not as bad as expected ... according with MSM and Govt. shills.
Even DJ celebrates bad news with huge increases !!

Tell me about it. I'm in manufacturing and the freaking phone hasn't rung in a month.
Next stop is all my machinery goes up for sale.

Just imagine what the non-manipulated numbers are !

Pre-election figures were all over optimistic BS. Now the have to readjust the figures. Just look at employment figures. LIARS ALL. Do not vote ever again. To do so legitimises a broken, corrupted system.