The Univ of Michigan consumer sentiment survey came in below expectations this morning, and at 59.5 it was the lowest reading since 1980. Are things really that bad? Or are consumers taking their cue from the doom and gloom media who love to prop up the negativity bubble?The market is trading lower, but a pullback is well overdue given the relentless advance stocks have enjoyed lately.Oil is the big mover this morning, topping $127 for the first time. This has all the energy stocks trading higher, while the financials and retailers are lower. Tech i[...]
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[Source: The Money Blogs]
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