Posts filed under “Financial Press”
Perhaps the headline writer meant that the May reading of 49.6, as compared to the prior month’s reading of 48.6, was an improvement.
But anything below 50 represents a contraction — not a pick up in activity.
ISM Factory Index in U.S. Shrank Less Than Forecast (Bloomberg) http://www.bloomberg.com/apps/news?pid=20601087&sid=aggPD2WvFTw4&
ISM Mfg Index (Barron’s Econoday)
Category: Financial Press
Quite a while ago, I had an interesting conversation with a smart fundie manager. We had opposing views about many things. In particular, we disagreed upon was the value of (non-price) sentiment indicators. His argument was that when stocks get cheap enough — as reflected in their Prices, P/Es and cash flow measures — other…Read More