Wow, very quiet here? So, if AAPL is worth less than half today than it was Thursday, is any stock or index immune?
Still riding the indexes short. The Naz down 13% for the month. End of quarter today also means no positive money flow for next week. Could become messy.
This is another building debacle>
"U.S. consumer spending rose faster than
incomes in August for the second straight month, pushing the savings rate to a
record low and suggesting the economy grew more than expected in the quarter
ending tomorrow.
``We have plenty of income to spend, and we are spending all of it and more,''
said Joel L. Naroff, president of Naroff Economic Advisors Inc. in Holland,
Pennsylvania. ``It doesn't look as if consumers have put their wallets away.''
Spending on goods and services grew 0.6 percent last month, the same as in
July, the Commerce Department said. Incomes rose 0.4 percent after gaining 0.3
percent a month earlier. Personal savings fell to a negative 0.4 percent at an
annual rate -- the lowest in 41 years of record keeping."
The rate nonetheless has led to concern among economists that many
households have taken on too much debt. ``If the economy turns down, it could
snowball,'' said Cynthia Latta, an economist at Standard & Poor's DRI in
Lexington, Massachusetts. Yeah, no Sh*t...
The pillars are starting to show some cracks. |
