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Chicago PMI falls into negative territory in Sept. = Contraction
Posted by: negative report ()
Date: September 28, 2012 10:11AM

Like Al Capone putting out a hit on the market, the release of ugly manufacturing data in the Chicago PMI laid stocks to rest this morning in as violent a manner as possible. The index tracking Chicago manufacturing fell to 49.7 in September from 53 i n August, indicating that manufacturing is contracting in the area. It was the lowest reading in three years.

Look for a pretty big tumble in the dow today.

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