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Re: More positive news...

By: Decomposed in FFFT | Recommend this post (0)
Tue, 27 Dec 11 10:39 PM | 64 view(s)
Boardmark this board | Food For Further Thought

Msg. 37560 of 65535
(This msg. is a reply to 37557 by oldCADuser)
Jump:

re: "Consumer confidence has jumped nearly 25 points in the past three months"

That's pretty funny - popping up as it has on a day when Sears Holding Corporation (SHLD) - which includes both Sears and K-mart - is currently DOWN 25 percentage points based on its disastrous November results.

It seems that those awesome Black Friday deals that have consumers so enthralled have killed the bottom line for one of America's biggest retailers. A few months from now, I wouldn't be at all surprised to see Sears and K-mart back in Chapter Eleven... and completely gone in two years.

Chalk up another for the consumers. As with the Dot-Com Bubble, the Housing Bubble, the Solar Power bubble, the bio-fuel bubble and their selection of Barrack Obummer as President, they've gotten it wrong yet AGAIN.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

More positive news...
By: oldCADuser in FFFT
Tue, 27 Dec 11 8:09 PM

Msg. 37557 of 65535

Consumer confidence hits highest level since April

Dec. 27, 2011, 10:00 a.m. EST

WASHINGTON (MarketWatch) - The Conference Board on Tuesday said its consumer-confidence index jumped to 64.5 in December - the highest level in eight months - from a revised 55.2 in November. Economists surveyed by MarketWatch were expecting the index to climb to 60.0. Consumer confidence has jumped nearly 25 points in the past three months and now sits at its highest level since April. "Consumers are more optimistic that business conditions, employment prospects and their financial situations will continue to get better," said Lynn Franco, director of the board's consumer-research center...

For the full article, go to:

http://www.marketwatch.com/Story/story/print?guid=45507A1A-D27F-4A8C-9B53-C9B78DED4C11

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