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1.2.2015 Starting off with lousy reports Bookmark

One might have thought that after setting record after record on the S&P during 2014 that maybe, just maybe we'd see some better economic reports. But no, we come into the first day of trading and what do we see? The PMI missed estimates, the ISM missed estimates and the construction spending fell to 6 month lows.
One might have thought that after setting record after record on the S&P during 2014 that maybe, just maybe we'd see some better economic reports. But no, we come into the first day of trading and what do we see? The PMI missed estimates, the ISM missed estimates and the construction spending fell to 6 month lows.

As long as you all understand that the market is NOT the economy, then you can understand our dilemma. The market is pushed higher by ever expanding debt, debt used for buy backs and futures manipulations. But the underlying economy is just barely alive, like some mutant zombie from the reanimator movies of old.  At some point, and I'm thinking it hits this year, we're going to run into some major market problems. Stay tuned.








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