consumer con. and existing home sales in 17 mins

Discussion in 'Trading' started by S2007S, Apr 24, 2007.

  1. S2007S


    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
  2. S2007S


    Consumer CON # 104 lowest in 8 months. High gas prices and mortgage defaults the reason.

    Housing #'s fell 8.4% not good :eek:
  3. 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.
  4. gnome


    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...