Friday, August 14, 2009

Consumer sentiment falters

Preliminary data showed that consumer sentiment fell for the second-straight month.

Though housing appears to be on the rebound, stock prices are rising, and job losses are easing, consumers remain skittish, which explains the lack of traction we are seeing in retail sales and spending.

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The reaction in the market and details are available in my article, Consumer sentiment comes under pressure, stocks react poorly.

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