Tuesday, August 02, 2011

Weak Consumers!

The market is in a losing streak that is making people forget about the Seattle Mariners. Getting the blame today? Weak consumer spending! The savings rate is also up.

None of this is stopping people from buying Apple products, but it is having a dent at other retail and restaurants.

This is also one of the things that is easiest to turn around. People like to spend.

Market still holding around the bottom of the 2011 trading range. It would be nice to see the range hold and for the market to head higher. One of these times the range will fail, but I hope that's an upside breakout!

blog comments powered by Disqus