^GSPC: Summary for S&P 500 INDEX,RTH - Yahoo! Finance It will be any time before the markets start looking at financial and people stop reacting off news of liquidity crises, spill over effects of mortgage problem, or credit crunch problems. The market will have to fall to a significant support before returning to a normal trend based off strong fundamentals. Swing traders must be having a ball currently. No doubt technicians should be working hard about now. In terms of what i have heard from wall street, i feel another premature analysis about the consumer has been made. Considering my own circumstances and areas many of the people around here are not looking for new housing though it is still an area most desirable to new home buyers. In general it is way to early for the majority of kids to be buying into school supplies. The last to weeks of august shall prove be an effective one, and thus saying a weak consumer due to the fact that it has not been strong back to school season is fasley addressed. Consumer as i see it from a normal person, from an average standpoint, you can't expect people in this day in age of America to be wildly driving the economy, but no doubt we are still a greedy people and still demand very much. In terms of technology a steady slow growth and can be reflected in consumer spending. Also, we as consumers are still buying it is not like it has stopped. A healthy consumer is still at hand. Tight labor markets though fears of them loosing still remain. The liquidity scene is not much changed and i still believe the Feds will no doubt remain in hold for awhile. An extreme disaster that directly leading into a recession would cause them to step in and as i see the fundamentals are still strong enough to keep GDP and real GDP at the average 2-3% or so. As i do see a slight pick up in technology every kid these days wants a damn laptop.... i think laptop says of big box retail or tech/comp companies would be a good indicators for the up coming quarter. It would seem everyone wants an apple laptop too considering everyone these days likes to be name brand whores too. This is a one skewed biased considering i come from a white collared family. BUT even still my friends who are middle to low middle class still afford to buy apple laptops and even other laptops and luxuries because the culture we live in affords students to work part time or full time to buy such unnecessary necessities. In general i don't see a strong strong consumer to come but an average one in general America being average in general. Due to what... everyone likes to beat the drum of oil prices high gas prices, etc... though as the summer trends are coming to an end with the upcoming months and as oil has already taken a significant dip, the consumer is likely to pick up somewhat more than over these summer months.
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