Quote from CaptainObvious:
I would believe what I see with my own eye's. Real results, not data. We just received a form letter this morning from one of our bigger customers, a local steel mill, that they will not be accepting any MRO deliveries until after the first of the year. Translation, all the money for anything that isn't an emergency has dried up. People I talk to in this very same mill, and other customers tell me they're slow as hell. You know when was the last time I heard all this fear and doubt about orders? Fall of 2008. We're on the very same brink again.