Apr 24 10:00 AM Consumer Confidence Apr - 105.0 105.0 107.2 - Apr 24 10:00 AM Existing Home Sales Mar - 6.40M 6.45M 6.69M
Consumer CON # 104 lowest in 8 months. High gas prices and mortgage defaults the reason. Housing #'s fell 8.4% not good :eek:
Inflection point begins now. Housing and autos are the two leading consumer indicators. Having one down is bad. Having both down is terrible. Those who will try and defend the goal line here will be pushed right through it by the kind of history that doesn't miss.
Agree, except for one important concept. The market players are confident (1) the Fed will come to the rescue with the money pump whenever "things" start to look dicey, and (2) the Fed's efforts WILL be successful. Therefore, "no worries". When the Fed's cache wears thin, look for a debt and credit market implosion... taking everything on leverage down with it. When is that? Who the Hell knows...