Monday, October 05, 2009

BAGAKOAA Oct , 2009 5 8:00 am


The Institute for Supply Management non-manufacturing index is in positive territory (anything above 50) at 50.9.  If you drill down, new orders, are up more than 4%.  That is a solid and positive number.  There was little positive reaction in the market because the report also indicated pressure on pricing being down and employment cutting not improving.

Keep an eye out on the 4 week T Bill announcements later today.  Keep in mind, rising T Bill rates usually indicate an economic expansion.

Salve Lucrum


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