Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: isopatch who wrote (37074)	6/15/2002 10:35:56 AM
From: Paul Shread	Read Replies (1) of 52237

Iso, Nice bar on GLG in the final hour yesterday. Not long that one at the moment, unfortunately. There was an important shift in yesterday's Michigan sentiment survey: 'But something more than a sour stock market seemed to have affected the University of Michigan's sentiment index, according to analysts there. '"Consumers became much more concerned about the outlook for the national economy" in early June, a university statement said. "Importantly the decline in the sentiment index was much larger among households with incomes below $50,000 than among upper-income households." 'That result was unusual because for almost all of the past 2 1/2 years, households with lower incomes have had a more positive opinion about the economy's future than those with higher incomes, perhaps because the latter have been more strongly affected by falling stock prices.' washingtonpost.com Conclusion? Looks like the consumer pullback could be about to start, if it hasn't already. JMHO. Paul

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