ISM: the keyword is "slowdown." Dow quickly shed 50 points Tuesday as August ISM, the first real look at the U.S. economy for the month, came in at 49.6, indicating contraction for the third consecutive month and the lowest reading since July 2009. \(Read more: US Manufacturing, Construction Spending Shrink\)
CNBC.com
Look how many times the word "slowdown" or "slowing" or "slowed" or just plain "slow" showed up in the comments from various sectors, along with words like "lackluster" or "flat" or "headwinds" (the caps are mine):
"Internal indicators and feedback from sales channels are indicating a SLOWDOWN in demand for capital equipment." (Machinery)
"Business continues to be very solid, but there is now a SLOWING of incoming orders." (Fabricated Metal Products)
"Incoming orders have SLOWED somewhat, but indications are that there will be a stronger fourth quarter." (Plastics & Rubber Products)
"Business is SLOW right now. Companies seem to be holding onto their money." (Computer & Electronic Products)
"We can sense, feel and see HEADWINDS with customer orders, especially Europe related." (Apparel, Leather & Allied Products)
"New orders and backlog remain FLAT." (Miscellaneous Manufacturing)
"Auto industry SLOWING a bit in the second half [of the year]." (Transportation Equipment)
"LACKLUSTER demand continues in all regions of the world, and is supporting much lower raw materials prices in the second half of 2012." (Chemical Products)
—By CNBC’s Bob Pisani
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