“Had they left IBM where it was, the index easily would have been 1,500 points higher during that time. But how can you give them praise or blame? They are just making up an average.”
“The employment index was sharply higher this month, and the average hours worked improved. Firms continued to report higher prices for inputs and for their own manufactured goods.”
“A similar seasonal pattern occurred in 2004 but then the TAI retracted only four index points from the November index compared to six points in 2005.”
“They are now back up to 98 index points.”
“The (Purchasing Managers Index) points to robust, broad-based growth.”
“Further consolidation in the index is likely before it moves any higher.”
“Last week we saw earnings pre-announcements and a higher-than-expected producer price index move stocks. Next week, we expect more earnings surprises and the CPI to provide the volatility.”
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