Lowe's: 'Consumers Remain Cautious', Cuts Investment Plans
Submitted by
CalculatedRisk on Mon, 08/17/2009 - 4:26am (12 comments)
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wow i didnt get
hate to say it y"all but these little storms would have helped their bottom line,
From yesterday (sorry if re-posted):
Sunday Lesson: Why "Normal" WILL NOT Return - The Market Ticker
Why "Normal" WILL NOT Return
Title says it all-
We have too much of almost every type of structure. Many of them are overimproved.
from post: NOTE: Home improvement is a rough estimate by the BEA - and could be lower.
A government report that could be too rosy? hoocoodanode?!
Cinco-X,
Wake me up when Krugman or someone else has that opinion. I agree with Denninger, however there's too much room for shenanigans everywhere. If we get a bit lower in the Dow we'll hear Krugman and others warn of a 2nd stimulus, and maybe Geithner will go in front of Congress to get more money for the TARP.
Empire Mfg. Index 12.08 for August v -.55 for July
Expectations for 3 or 4.
Whee!
Futures project a big drop in the market today.
Hold on, let me consult my Spin Thesaurus. Markets will move toward more sustainable levels.
Still, glad I don't hold equities. Will be shopping for more firesale debt by the end of the week.
CR,
Remember all of those credit spread and yield charts that you used to post regularly showing how things were getting close to normal. It may be time to dust those off. From now to late Oct could be wild.
So we have BFF, I wonder if we are fast approaching the season of circuit breaker Monday? Just a little daydreaming this morning.
WOW.
Eight comments and then a PIG!
YLSP (profile) wrote on Mon, 8/17/2009 - 8:31 am
Cinco-X,
Wake me up when Krugman or someone else has that opinion. I agree with Denninger, however there's too much room for shenanigans everywhere. If we get a bit lower in the Dow we'll hear Krugman and others warn of a 2nd stimulus, and maybe Geithner will go in front of Congress to get more money for the TARP.
There were a number of comments here over the last week about a "new normal". Just thought I'd pass along some independent correlation of that view-