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Could We Rally Despite Bad News?
Sean Brodrick (July 2nd, 2008) Writes:
We should see Wall
Street start off with a nice rally this morning, though I won't place a
bet on where the day ends. Markets are terribly oversold and
yesterday's action ended in a bullish reversal on high volume at
support -- that's VERY bullish.
And yet we seem to get more terrible news all the time ...BAD NEWS FOR THE CONSUMER ...
And yet we seem to get more terrible news all the time ...BAD NEWS FOR THE CONSUMER ... June auto sales plunged, according to reports from the nation's major automakers, as Americans shunned pickups and SUVs in the face of record gas prices. General Motors reported that its U.S. sales fell 18% in June versus a year ago. Sales of GM's light trucks, which includes pickups, SUVs and so-called crossovers, tumbled 16%. GM's car sales dropped 21% in the month.
BAD NEWS ON INFLATION ...
Manufacturers struggle to overcome rising pricesNEW YORK - Each week, Ira Cooper opens
...Tags for this Post:
Auto Sales, Automakers, Bad News, Bet, Car Sales, Cereal, Consumer Auto, Current Market News, Energy Markets, General Motors, global warming, Gold Markets, High Volume, Institute For Supply Management, Lexington Ky, Light Trucks, Lighting Company, Midwest Floods, Qed Inc, Raw Materials, Record Gas Prices, S Sales, Tropical Depression
Auto Sales, Automakers, Bad News, Bet, Car Sales, Cereal, Consumer Auto, Current Market News, Energy Markets, General Motors, global warming, Gold Markets, High Volume, Institute For Supply Management, Lexington Ky, Light Trucks, Lighting Company, Midwest Floods, Qed Inc, Raw Materials, Record Gas Prices, S Sales, Tropical Depression
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