Recovery picking up steem!

[Jarod]

http://www.msnbc.msn.com/id/34687608/ns/business-stocks_and_economy/

WASHINGTON - An unexpectedly strong report on manufacturing activity Monday bolstered confidence that the nation's factories will help sustain an economic recovery.

The Institute for Supply Management, a trade group of purchasing executives, said its manufacturing index read 55.9 in December after 53.6 in November. A reading above 50 indicates growth.

That is the fifth straight month of expansion and the highest reading for the index since April 2006. Analysts polled by Thomson Reuters had expected a reading of 54.3.

Looks like the economic recovery is really starting to take hold!

 

[Topspin]

4th qtr GDP is going to be good and Obama's numbers will start to rise through mid terms.

 

[Jarod]

I know this is disappointing to the cons, but I am very happy about it. Im keeping my money in the market...

Several of my Con friends are pulling out as they are hoping for a second dip!

 

[Topspin]

I know this is disappointing to the cons, but I am very happy about it. Im keeping my money in the market...

Several of my Con friends are pulling out as they are hoping for a second dip!

well I know a few posters here have admitted as much, it's sad really.

 

[Jarod]

well I know a few posters here have admitted as much, it's sad really.

ONly a few will admit it, many will secretly hope it.

Why do they hate America?

 

[Onceler]

The GOP talking points are all muddled now. After latching onto Rush's catchphrase of "The Obama Recession" before he was even inaugurated, and yelling that the stimulus would "destroy" the economy, they're now going with "well, the President does very little if anything that affects the economy..."

 

[Topspin]

The GOP talking points are all muddled now. After latching onto Rush's catchphrase of "The Obama Recession" before he was even inaugurated, and yelling that the stimulus would "destroy" the economy, they're now going with "well, the President does very little if anything that affects the economy..."

LOFL, this shit is going to get funnier as the economy picks up steam.

 

[Damocles]

I hope it does. It sucks being in a crappy economy.

 

[Sammy Jankis]

Sure. if all just ignore that all the toxic assets are just undealtwith.

 

[Topspin]

Sure. if all just ignore that all the toxic assets are just undealtwith.

your a toxic asset

 

[Damocles]

Sure. if all just ignore that all the toxic assets are just undealtwith.

Yeah, at last report I heard we have record foreclosures coming due in January... but the economy sometimes picks up steam despite bad news if enough people believe in the good news.

This messed up inflationary spending notwithstanding if people in the US think it is going well, it will start going well.

 

[Onceler]

Yeah, at last report I heard we have record foreclosures coming due in January... but the economy sometimes picks up steam despite bad news if enough people believe in the good news.

This messed up inflationary spending notwithstanding if people in the US think it is going well, it will start going well.

The past couple of decades or so has led me to the belief that confidence - both consumer & investor - is a much bigger factor in how the economy does than pretty much anything else.

Bad news kind of fed on itself to start this thing last fall, and the hope is that the good news will keep feeding on itself to turn it around...

 

[Topspin]

the stock market could not continue to go up without some bad news to overcome like housing still sucks etc.

Wall of worry, when everyone is convinced the market can only go up. Get the fuck out.

 

[Damocles]

The past couple of decades or so has led me to the belief that confidence - both consumer & investor - is a much bigger factor in how the economy does than pretty much anything else.

Bad news kind of fed on itself to start this thing last fall, and the hope is that the good news will keep feeding on itself to turn it around...

I agree, this is why I said that drop in February was caused by the President himself dogging the economy. Nothing like the President telling us everything is going to hit the fan to get that confidence down in the crapper.... And why I say now that even if the numbers are bad in another area if people feel like it is getting better it will.

 

[NOVA]

I know this is disappointing to the cons, but I am very happy about it. Im keeping my money in the market...

Several of my Con friends are pulling out as they are hoping for a second dip!

Hopfully, we'll get back to where we were in Oct. of 2008....

 

[Jarod]

The GOP talking points are all muddled now. After latching onto Rush's catchphrase of "The Obama Recession" before he was even inaugurated, and yelling that the stimulus would "destroy" the economy, they're now going with "well, the President does very little if anything that affects the economy..."

I predicted we would be hearing that one abou the President not having much to do with the economy, that and "its not a strong recovery".

 

[Jarod]

I was at the mall on New Years Day, Ive never ever seen it so packed!

 

[TuTu Monroe]

I'll start smiling when I see over 15 million unemployed go back to work. I expect the unemployment rate to go to 11% this year.

Sure. if all just ignore that all the toxic assets are just undealtwith.

 

[Onceler]

I'll start smiling when I see over 15 million unemployed go back to work. I expect the unemployment rate to go to 11% this year.

Did you check with the person who controls the entire economy on that one?

 

[Damocles]

Did you check with the person who controls the entire economy on that one?

Noah? He isn't taking any calls.