GodDAMN, that Karl Rove is aclever son-of-a-bitch!
Stocks turned mixed Wednesday after a report that manufacturing growth in October was the slowest in more than three years.
The Institute for Supply Management, a private research group, reported weakness across the U.S. manufacturing sector. New orders, production and prices fell, while hiring was up. Treasurys rallied on the weak numbers and the dollar fell.
Data on the housing market also bolstered fears of an economic slowdown. Pending home sales for September, fell 1.1 percent, down 13.6 percent from a year earlier. September residential construction spending also fell 1.1 percent, the sixth month that construction spending dropped, the longest stretch of weakness in residential construction in more than a decade.