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30 Sep 2011 16:52

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Biz: Stock market suckage: A crappy quarter, put to bed by a crappy day

  • bad Today was not a good day for the stock market in general, with all three major indexes down more than two percent amid negative economic data from China, which raised fears that another economic slowdown was coming.
  • worse This is the final day of the quarter on Wall Street, and the results aren’t very good. The S&P, for example, lost more than 14 percent this quarter. Fears of an economic slowdown weighed on investors’ minds after the 2008 crisis. source
Posted by Ernie Smith • 0 Comments • Permalink

01 Aug 2011 10:57

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Biz: Why July’s manufacturing results singlehandedly deflated stocks today

  • 50.9% activity level; not really a good number source
  • » The worst result since July 2009: To explain what you’re looking at, this number represents manufacturing activity in July. Any number above 50 percent is growth. Good right? Well, in this case, not really, because the previous month was 55.3 percent. And earlier this year, it was above 60 percent for a few solid months. This number is another sign that the economy is starting to slow down again. This result was so bad that it deflated optimism about the debt deal on the stock market this morning.
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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