Wikinvest Wire

The ISM manufacturing index and stocks

Monday, August 31, 2009

Tomorrow morning the Institute for Supply Management releases the latest data for the nation's broadest measure of manufacturing activity and most analysts expect the index to show expansion (above 50) for the first time since early in 2008. IMAGE If a picture were not worth a thousand words, a much lengthier discussion would follow to describe what happened to stocks when the ISM index punched through the 50 mark in 2002.



ikoli said...

I guess it only means, that there is no real correlation which is hardly surprising considering the ISM is still a backward looking measure despite some foward looking indicators in it.

Saoirse said...

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