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IBDvalueinvestin (99.67)

Consumer confidence will Surge in coming months. Forget today's lower than expected

Recs

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September 29, 2009 – Comments (7)

consumer confidence. Why will it surge? Because Consumer's best and most valuable asset is about to start rising in price again (Home values expected to rise in coming months according to Case-Shiller).

 

Case-Shiller Home Price Index Continues to Rebound
The Case-Shiller Home Price Index posted another strong monthly gain in July. The 20-city composite rose a seasonally adjusted 1.2% in July compared to 0.8% in June.

 

7 Comments – Post Your Own

#1) On September 29, 2009 at 10:17 AM, topsecret09 (37.17) wrote:

  Without jobs,Americans cannot have confidence In anything, TS

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#2) On September 29, 2009 at 10:24 AM, portefeuille (99.60) wrote:

(from here)

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#3) On September 29, 2009 at 10:26 AM, portefeuille (99.60) wrote:

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#4) On September 29, 2009 at 10:42 AM, IBDvalueinvestin (99.67) wrote:

Thanks Portfeuille , everything is trending up and the trend is your friend.

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#5) On September 29, 2009 at 10:50 AM, topsecret09 (37.17) wrote:

http://www.bls.gov/news.release/empsit.nr0.htm

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#6) On September 29, 2009 at 11:11 AM, topsecret09 (37.17) wrote:

US consumer confidence sees surprise drop

(AFP) – 49 minutes ago

WASHINGTON — US consumer confidence fell slightly in September as worries about a tight job market overshadowed improving economic conditions, the Conference Board reported Tuesday.

The consumer confidence index, which had improved in August, dipped in September to 53.1 from 54.5 in August.

The figure was weaker than the 57.0 expected on Wall Street, and suggested consumers may be cautious in resuming spending, which is key to an economic recovery.

"Consumers viewed both current business conditions and the labor market less favorably than last month," said Conference Board research director Lynn Franco.

"While not as pessimistic as earlier this year, consumers remain quite apprehensive about the short-term outlook and their incomes. With the holiday season quickly approaching, this is not very encouraging news."

Those claiming business conditions are "bad" increased to 46.3 percent from 44.6 percent, while those claiming conditions are "good" increased to 8.7 percent from 8.5 percent.

The survey found consumer fears growing about the job market. Those claiming jobs are "hard to get" increased to 47.0 percent from 44.3 percent, while those claiming jobs are "plentiful" decreased to 3.4 percent from 4.3 percent.

Among the sub-indexes, the present situation index decreased to 22.7 from 25.4 and the expectations index fell to 73.3 from 73.8 last month.

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#7) On September 29, 2009 at 11:19 AM, kirkydu (93.93) wrote:

Every correction has a rally.  We are in it.  Though it might last for a year or two, ultimately (I think sooner than later) economic news will fall flat due to unemployment.  At that point, we see a retracement at least 35% back to the bottom.  That said, the hunt for low hanging fruit goes on.  Almost everything requires a ladder again, and I don't like heights.

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