Comments on: ISM: Is this the mother of all inventory corrections? http://www.creditwritedowns.com/2009/07/ism-is-this-the-mother-of-all-inventory-corrections.html Sat, 21 Nov 2009 08:48:41 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/07/ism-is-this-the-mother-of-all-inventory-corrections.html/comment-page-1#comment-5723 Edward Harrison Wed, 01 Jul 2009 20:59:55 +0000 http://www.creditwritedowns.com/2009/07/ism-is-this-the-mother-of-all-inventory-corrections.html#comment-5723 Exactly. Sure, I have been saying recovery is likely. But, I am well aware of what the risks to that outcome are. This report is very much a negative despite the headline number. Let's see where new orders are in July.<br><br>I am still waiting for Alcoa to report earnings too. Exactly. Sure, I have been saying recovery is likely. But, I am well aware of what the risks to that outcome are. This report is very much a negative despite the headline number. Let's see where new orders are in July.

I am still waiting for Alcoa to report earnings too.

]]> By: aitrader http://www.creditwritedowns.com/2009/07/ism-is-this-the-mother-of-all-inventory-corrections.html/comment-page-1#comment-5722 aitrader Wed, 01 Jul 2009 19:46:49 +0000 http://www.creditwritedowns.com/2009/07/ism-is-this-the-mother-of-all-inventory-corrections.html#comment-5722 It will take a full quarter of good news before anyone can say with relative certainy that things are improving. The last 2-3 weeks have been full of "green shoot" irrational exuberance sans enough data points to support it. So far there are enough data points on continued contraction that I for one say it is far too early to make a call for recovery. The PMI points above are a case in point. An argument can be made for either side. It will take a full quarter of good news before anyone can say with relative certainy that things are improving. The last 2-3 weeks have been full of “green shoot” irrational exuberance sans enough data points to support it. So far there are enough data points on continued contraction that I for one say it is far too early to make a call for recovery. The PMI points above are a case in point. An argument can be made for either side.

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