Stocks fall as data shows aggressive growth for economy

Energy stocks rose along with the price of crude oil. Salesforce.com led gains for technology companies after reporting a strong quarter and raising its outlook for the year.

Stocks weakened after a report showed that manufacturing growth in the U.S. accelerated last month, contrary to economists' expectations for a slight slowdown. The Institute for Supply Management's manufacturing index came in at a reading of 56.1, above forecasts. The yield on the two-year Treasury, which tends to follow expectations for Fed moves, jumped to 2.67% in the 30 minutes following the report's release, up sharply from 2.56%.

The risk that is too-aggressive a campaign could force the economy into a recession. Even if it doesn't, higher rates put downward pressure on prices for stocks and other investments.

Tightening domestic money supply to try and depress global markets in this climate will be the costliest mistake ever made. Enormous price to pay to de-monetize the debt. Deflation of housing and markets. No effect on consumer prices.

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