Friday, August 12, 2011
U.S. Consumer Sentiment Falls More Than Expected to 54.9 (LOWEST level since May 1980)
U.S. Consumer Sentiment Falls More Than Expected to 54.9 (LOWEST level since May 1980)
"The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey.
"The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey.
The biggest one-week slump in stocks since 2008 and the downgrade of country’s top credit rating may be exacerbating consumers’ concerns as unemployment hovers above 9 percent and companies are hesitant to hire. Rising pessimism poses a risk household spending will cool further, hindering a recovery that Federal Reserve policy makers said this week was already advancing “considerably slower” than projected."
Thursday, August 11, 2011
S&P 500 chart triggers "DEATH CROSS"
S&P 500 chart triggers "death cross"
"NEW YORK (Reuters) - The S&P 500 <.SPX> triggered a key technical signal called a "death cross" on Thursday that could mean more negative moves ahead.
"NEW YORK (Reuters) - The S&P 500 <.SPX> triggered a key technical signal called a "death cross" on Thursday that could mean more negative moves ahead.
The benchmark's 50-day moving average dipped below its 200-day average in what technical analysts consider a sign that short-term momentum has turned more negative than long-term momentum and could show the current downtrend is pervasive. Both moving averages are currently heading lower."
Wednesday, August 10, 2011
EU Joint Statement: Let's form proactive synergy restructuring teams - Scott Adams
Let's form proactive synergy restructuring teams.
Scott Adams
Scott Adams
Tuesday, August 9, 2011
China Russia USA, Lack of Rule of Law?
China Russia USA, Lack of Rule of Law?
"The denial of the rule of law for the few may affect the economic actions of many."
"The denial of the rule of law for the few may affect the economic actions of many."
Sunday, August 7, 2011
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