On July 31, 2008, In Market Updates, by Steve Warshaw
Analysts expected 2.4%, numbers came in at 1.9%. These are not catastrphoic numbers, althought they do leave plenty of doubt as to the recovery of the economy. Consumer spending was up 1.5% over last quarter, however the underlying fear is that this was due to the economic stimulus plan which will soon dry up.
On July 30, 2008, In Market Updates, by Steve Warshaw
Market action today is further proof that the stock market is high volatile, and any kind of disruption continues to cause the market to falter. For instance, Israeli Prime Minister Ehud Olmert announced today that he will resign in September. This simple announcement lead investors to believe there COULD be destabilization in the region and oil shot [...]
