Eco – Conflicting Data Observed

The Chicago and Milwaukee PMI was released today and beat estimates by a margin. Again, we are seeing conflicting data as many coal companies have been talking about shutting down plants since there are seeing stockpiles growing. That corroborates with the readings on growing Natural Gas inventories.

We believe this is part of the inventory restocking cycle that may come to abrupt end.

PMI 20091130


Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.