The ISM purchasing managers' manufacturing activity composite for Q1 2013 was positive and
came in just slightly under 53.0. However, if the current large QE program underway is to be
considered worth its salt the ISM mfg. reading needs to move up to the 56 - 57 area for a
good several months. ISM Mfg.
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!