Bubble Bursting Alert: Stocks Are At “Eye-Popping Levels”, US Factory Orders Drop Adds to Slowdown Concern, China Bear Stearns Moment Seen by BofA in Solar Default
March 6th, 2014
Factory Orders Miss 3rd Month In A Row As Inventories Hit Record High
For the 3rd month in a row, US Factory Orders missed expectations with a major downward revision to December’s data (-2%) and has fallen two months in a row. Inventories continue to rise – up nine of the last ten months to the highest level since records began. Better just hope for all that pent-up demand to flood back or we have a problem.