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ISM October New Orders Index Up Year Over Year For Second Consecutive Month

Updated 11/1/12 After a weak reading in August, the not seasonally adjusted index rebounded to 53.6 in September and 61.8 in October, which was above the October 2011 reading of 60.9. This suggests that the weakening trend under way since the initial bungee rebound from the recession, has ended. Follow the money. Find the profits!Liquidity is…

Year To Year Drop In Jobless Claims Stays On Track at 7.4% But Stocks Are Still Extended In Relation

The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment fell by 9,000 to 363,000 from a revised 372,000 (previously 369,000) in the advance report for the week ended October 27, 2012. This beat the consensus estimate of 375,000. Follow the money. Find the profits!Liquidity is money. Regardless of where in the…

Proposition 30 is a good litmus test on how/if voters want to pay for state-run programs – Washington should watch closely – Sober Look

California’s Proposition 30 asks voters to decide on Gov. Jerry Brown’s temporary tax increases. What makes this vote interesting at the national level is that it is California’s version of the fiscal cliff.  Clearly the proposed tax increases or …