Fighting Yoda

Stalling Out in July? Clear Signs of a Pullback in Consumer Spending

"It’s still too early to know whether the current pullback is simply a temporary pause or something of far greater concern – the beginning of a sustained slowdown." - This question has been answered in the recent Gallup consumer survey:
In U.S., One-Third Still Set on Spending Less as New Normal
www.gallup.com/poll/12...

Consumers are saying - planning to spend less and save more, and this will be the new normal.

Candidates to Replace GM, Citigroup in the Dow

Het at least one of my picks CSCO came through


On May 30 01:16 AM Fighting Yoda wrote:

> I will vote for Cisco and Wells Fargo

Candidates to Replace GM, Citigroup in the Dow

I will vote for Cisco and Wells Fargo

Bill Miller: Wishful Thinking About the Market?

We are in a structural down turn, we cannot get a bull market when job losses continue to be 500K+, housing likely to correct (rather crash) 20-30% more.

This rally has been totally manipulated, and engineered by unprecedented liquidity injections by the Fed. Bill Miller is playing out of his old playbook, he was the worst performer last year - buying beaten down stocks. This has worked in the current rally. But the rally is already fading - could not breach or even reach the January highs.