Aww……. If The Poor Stupid Bastards Had Just Listened To Suyts!!!!! Stock Market Continues Spiral!!!!


So, today gave me the giggles!!!

September Slip: Markets Pounded Amid Factory Fears

Wall Street kicked off September on a sharply negative note as China growth worries slammed global markets yet again.

The Dow Jones Industrial Average dropped 467 points, or 2.83%. The S&P 500 shed 58 points, or 2.94%, while the Nasdaq Composite declined 138 points, or 2.92%.

All ten S&P 500 sectors were in negative territory, with energy the most, dropping 3.14% in recent action, followed by financials, which declined about 3.53%.

Today’s Markets

It was déjà vu all over again for global financial markets as manufacturing data ruled the day.

In the U.S., a gauge on factory activity from the Institute for Supply Management saw a bigger-than-expected drop in August to 51.1 from 52.7 in July. Wall Street anticipated a shallower drop to 52.6. The reading, though still in expansion territory, was the lowest since May 2013.

The global picture wasn’t much better, and is what helped drive the selloff in world markets.

Overnight, data from China showed the nation’s manufacturing sector slipped to a three-year low and back into contraction territory for the first time in six months, though mostly in-line with expectations, while the services sector also showed weakness.  

The data suggest a major theme of either moderate gains or declines across the board, according toIHS U.S. Economist Michael Montogmery’s Tuesday research note.

“Almost all of the world manufacturing powerhouses are nestled between 47 and 53 with the eurozone the best example of strength and China the poster child for manufacturing struggling,” he wrote. “U.S. manufacturing is somewhere in the upper third or that range, but no longer the locomotive as it digests bad foreign trade prospects and holding too much inventory in the system.

He added that the rest of this year is likely to be filled with rough waters and the likelihood that U.S. factory activity will revive itself before 2016 are “slim.” ……

So, a month ago I wrote this ….

AP Economy Writers Get Something Right!!!! But, Still Insist On Babbling Inanity!!! More Bad News In US Economy!


Well, at least this article got something correct.  US Inventories rise again!!!! …….

Last February I wrote this ….

… So, check what’s happening at the wholesale level.  The inventories have gained for 17 strait months ….

I’ve written numerous posts referencing and regarding the rising inventories in the US.  Anytime you see “inventories have gained for 17 strait months”, run!  Now, mind you, this is a “rule of thumb”, there are conditions in which this can be a positive thing.  But, it’s almost always not good news.  Fast forward 5 more months and we see our inventories still increasing! 

It doesn’t matter how good our widgets are, or how efficiently we can produce our widgets if we’ve no one to sell them to!!!!  Who are we going to sell them to?  China?  LMAO!!!!  No, probably not!  Europe?  Uhmm, China can’t sell their widgets to Europe!  That’s why their economy is slowing down! ….. China’s not Europe’s.  Europe’s economy isn’t slowing down, it’s in a full stop mode!  (I’m referencing the Eurozone) 

Now, mind you, the stock markets will jump back up and lose a bit and jump back up for a while.  But, none of that will correct the fact that there’s a bunch of companies holding too much inventory.  You know what corrects that?  One of two things.  Either people suddenly start buying their inventory, or, they’re going to stop producing so much.  When you stop producing, that means people stop working. 

Now, China has learn this, and that’s what’s biting them in the arse, today.  At this point, I would ask readers to extrapolate from there.  I would go into detail, but, I can’t possibly in one blog post, because there are several layers and points of consideration from here.  But, would happily engage in, and absorb, other people’s thoughts. 

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15 Responses to Aww……. If The Poor Stupid Bastards Had Just Listened To Suyts!!!!! Stock Market Continues Spiral!!!!

  1. Latitude says:

    so just to be clear…you’re saying the Feb is not going to raise interest rates 🙂

    meanwhile on the same note…..Microsoft is selling tablets with 10 on them for $189…and no one’s buying

    • suyts says:

      Heh!!! Nice one!!! And, yes, that’s what I’m saying. …… Well, the Fed in Feb wouldn’t ever think of doing it, but, who knows what sort of perdition these bastards have in mind for us?

      Yeh, MS is still holding on to the belief their OS is worth anything to the public. Only people like me will use it. But, it damned sure won’t be on a tablet. I’m a desktop guy. That’s where Windows originated from, that’s it’s base design. A laptop? Maybe. A tablet? What for? Windows on a tablet is stupid! But, then, a tablet is stupid. If MS had been smart, they’d ignored laptops and tablets altogether, and split their OS’s for desktops and smartphones. Desktops and smartphones don’t work alike for the users. They have two totally different functions. I’ve no idea what the function of a tablet is, or, for that matter, what the function of a laptop would be, today. Well, there could be a real niche market for honest laptops for real travelers, but, everyday people, the question would be “why?”.

      I use a desktop today for two reasons. The computing power is inherently better than anything else out there, because of the physical constraints of energy, and the real estate I’m afforded for my screen. Sure, I can attach a screen to tablets and laptops and there’s probably a smartphone out there which will soon allow for a big screen, if it hasn’t already, but, then, I’m still losing computing power and my keyboard. So, I keep my desktop ….. and Windows, because Windows has demonstrated they’re the best at desktop OS’s.

      • DirkH says:

        For about 6 years I’m constantly weekly commuting to various cities. Notebooks give me the ability to mirror my home system to take it with me. Today’s notebooks can all feed a second monitor for desktop extension, and more with USB VGA boxes. So after a new project starts and I find a room, I will add more monitors. So I got a mobile command centre. Can’t live without it.

        My entire family runs their stuff on cheap 2nd hand notebooks. Win and Mac. Because, you can take them into the garden, or wherever.

        Sorry James, these things are darn practical.

        • suyts says:

          Well, right, Dirk, I’m certain a notebook would be very functional for you. As to supporting the second monitor, then, that defeats the mobility purpose, no? You’re not carrying around the monitors! Why not just ghost a PC? But, for the average user, what does a notebook do that a smartphone can’t?

        • DirkH says:

          Sometimes I use trains; so I like to carry a whole computer system.
          As to smartphones, the ARM processors are still way weaker than even an Intel Atom. Optimized for minimum power dissipation. Intel tries to reach down with a thing called Newton (IIRC).
          Smartphones and tablets slowly spread in my family.

        • suyts says:

          Right, Dirk. I understand what you’re doing. But, you know you’re the exception, rather than the rule. I’m not saying there’s no place for laptops, but, rather it’s a niche product, now. But, then, so is a desktop. If one is just surfing the web and emailing and such, why would one own a smartphone and a desktop or a laptop?

          And, yes, the processors are weaker, but, then, that’s the average user. They don’t have a need for the processing power.

        • DirkH says:

          James, I am even a modest user by todays standards. All I need is tons of integer power, floating point comes a distant second. The kids OTOH are processing their videos. They produce data by the gigabyte all the time. They all run around filming their bicycle tours and whatnot and run all kinds of video effect software.

          My kid switched from an Intel i7 desktop to a used MacBook. Less hassle, he says, I gotta trust him on that for his use case.

    • Lars P. says:

      rofl, microsoft trying to place their malware to the public:

  2. Jim Masterson says:

    The housing starts are still rising (; if you believe the government stats. They used to be a leading economic indicator (and I think they still are).


    • suyts says:

      Yes, they are, Jim, but, note a couple of things about the graph. First, housing starts are rising, but, they’ve only now just got up to the amount we had in 1992. We’ve along way to go in that regard, to get back where we need to be. But, then, look at the slope and the duration ….. it’s nearly equal to the slope we had from about 2002 through 2006.

      • Jim Masterson says:

        James, you’re right about where we should be. Here’s the data going back to 1960 ( We are still looking up from the bottom.

        However, the slope is what I’m looking at. As long as it is positive, we’re going in the right direction. I wished I had pulled my money out of the Stock Market back in late 2006 when the curve started its major downward trend. Back then we were being told that housing starts wasn’t valid as an economic indicator because things were different. Yeah, right.


    • DirkH says:

      Lumber has crashed. Lumber prices lead housing starts. Housing starts will crash next.

      • Latitude says:

        so has almost all building material

        BTW, now’s a good time to get a new kitchen with granite counter tops!

      • Jim Masterson says:

        Here in Washington, the Snohomish lumber mill just went out of business. I remember watching them dumping logs into the Snohomish River just upstream of the mill when I was very small. (It was during the Korean War.) They stopped floating logs down the Snohomish many years ago.

        The Buse lumber mill is located on the Union Slough (tidal tributary of the Snohomish River) and is visible from I-5 between Everett and Marysville. They’ve been quite busy with lots of logs and lumber lately, but those may be inventory they can’t get rid of.


  3. Lars P. says:

    Now this is an idea: give all refugees a free ticket to Brussel:

    “Let’s see how Brussels deals with 50,000 -100,000 people in its streets and parks, with more coming every day, while the whole world is watching live on a hundred new channels.”

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