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Strategies & Market Trends : Classic TA Workplace
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To: marginmike who wrote (42658)6/20/2002 1:48:31 PM
From: Paul Shread  Read Replies (1) of 209892
 
There's evidence that consumers are pulling back (a couple weak months of retail sales recently), and sub-$50,000 income consumers led the Michigan survey down on Friday, which means that worry is growing about the real economy, not just the stock market. Consumers tend to pull back when that happens. I think housing starts are a lagging indicator, aren't they, because they reflect contracts signed previously?
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