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Or you can now use TapaTalk again!nnuut's Account Talk
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Markets up big time at open on Oil and whatever? Is this a BULL TRAP, it looks like a perfect place to have one, be careful!!!!!!View attachment 4358
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
One of the WHATEVERS!!
Where are the folks with all of this confidence, do you know any?:blink:
AP
Stocks jump after consumer confidence data
Tuesday July 29, 10:22 am ET
By Tim Paradis, AP Business Writer Stocks jump on consumer confidence data; investors examine Merrill write-down plan
NEW YORK (AP) -- Stocks rose Tuesday, rebounding a day after their steep tumble as a jump in consumer confidence offset some of the market's increasing concerns about the financial sector. The Dow Jones industrial average rose about 100 points.
The Conference Board's report on consumer confidence in July rose to 51.9 from 51 in June, a welcome signal for investors worried about the mood of investors, which is key because their spending accounts for more than two-thirds of U.S. economic activity. A bounce was also to be expected after the Dow lost nearly 240 points Monday on worries about the sagging financial sector. Still, the upbeat consumer reading did help soothe investors concerned about growing losses related to the credit crisis, especially after Merrill Lynch & Co. announced another $5.7 billion in write-downs.[more]
http://biz.yahoo.com/ap/080729/wall_street.html
luv2read
Market Veteran
- Reaction score
- 18
Once again, they only read the headline. Read the MEAT.The Consumer Confidence Press Release
The Conference Board Consumer Confidence Index Holds Steady
July 29, 2008
The Conference Board Consumer Confidence Index, which had declined in June, held steady in July. The Index now stands at 51.9 (1985=100), up slightly from 51.0 in June. The Present Situation Index was virtually unchanged at 65.3 versus 65.4 last month. The Expectations Index increased moderately to 43.0 from 41.4 in June.
The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world's largest custom research company. The cutoff date for July's preliminary results was July 22nd.
Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Consumers' assessment of current conditions was little changed, suggesting there has been no significant improvement, nor significant deterioration, in business or labor market conditions. Looking ahead, while consumers remain extremely grim about short-term prospects, the modest improvement in expectations, often a harbinger of economic times to come, bears careful watching over the next few months."
Consumers' appraisal of present-day conditions remained quite bleak in July. Those claiming business conditions are "bad" increased slightly to 32.8 percent from 31.9 percent, while those claiming business conditions are "good" rose to 13.1 percent from 11.5 percent last month. Consumers' appraisal of the labor market remained negative. Those saying jobs are "hard to get" edged up to 30.3 percent from 29.7 percent in June, while those claiming jobs are "plentiful" declined to 13.5 percent from 14.1 percent.
Consumers' outlook, while slightly improved from last month, continues to be very pessimistic. Consumers anticipating business conditions to worsen over the next six months eased to 32.4 percent from 33.5 percent, while those expecting conditions to improve edged up to 9.3 percent from 8.5 percent in June.
The outlook for the labor market remains gloomy. The percent of consumers expecting fewer jobs in the months ahead increased to 37.1 percent from 35.7 percent, while those anticipating more jobs remained virtually unchanged at 8.2 percent. The proportion of consumers expecting their incomes to increase rose to 14.2 percent from 13.1 percent.
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Yep, they really dressed that one up!!!!:suspicious: View attachment 4362
Sorry I couldn't resist!! BUT, do I see a Head and Shoulders forming on the SPX, NASDEQ and the DOW? Daily short term but if it continues it may cool off the day? I feel like OSCAR NOW!!
View attachment 4363
Steadygain
TSP Elite
- Reaction score
- 45
I've got to admit - it would be nice to see things turn around and had the same thought last night.
Second thought (pondering) made me realize a jump like that would follow with more of the same.
Right now I'd love to see us stay where we are for awhile with just a little mixing here and there - so that everyone sees "we're really at the bottom". Then the "news" would solidly show signs of sustained stability and the "garbage news" would float on down the river.
VOLUME would then kick in and the B&Hs would stand out. All the more those on the sidelines would jump on the train and we've have the ultimate party.
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
How about a little HISTORY! The Federal Reserve
http://www.wtv-zone.com/Mary/BIGGESTSCAMINHISTORY.HTML
Steadygain
TSP Elite
- Reaction score
- 45
Interesting... but it down plays the bulk of our Debt goes to our Father, Master, Owner, and Saviour - CHINA.
With your number of posts - you should be called the Elite Moderator (kind of like Birchtree)
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Steadygain
TSP Elite
- Reaction score
- 45
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
You are SOOO smooth there Steady!!Fortunately for us - and to which we are extremely grateful.
Corepuncher
TSP Pro
- Reaction score
- 40
Howdy.
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Kinda reminds me of Ole Minnie Pearl!! Howdyyyyy!!View attachment 4365
nnuut
Moderator | TSP Talk Royalty
- Reaction score
- 210
Corrected! Thank you Officer, I'll try and not let it happen again!:blink:please...rescind, not resend. I don't want to see it again!
(I'm the spelling police)
Excellent rhyming Norm!
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