Data released today shows that the total number of new Factory
Orders dropped to its lowest reading since March of 2007, as shown on the graph
below.
This manufacturing data is not supportive of a sustainable rise in the equity
markets; however, the markets seem to have their own agenda, regardless of the
fundamentals of this sector within the slowing economy. A slowing demand for the
"same old stuff" is just that…a slowing demand, regardless of how much money
becomes available for borrowing by the masses. At some point, rising markets
without supporting fundamentals, partnered with new, attractive, innovative,
useful, and beneficial products/services with "needed and must-have" value,
become a ship without a captain.
