Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (232440)	5/12/2005 4:14:44 PM
From: tejek	Read Replies (2) of 1573936

Consumer confidence is down? Maybe, but that is less reliable than retail sales, which suprised to the upside. All the important economic statistics are up. I grant you that oil is too high, but that is the main reason the stock market is down. It isn't the main reason. The main reason that there is no sector in the markets besides oil and housing that is doing well. Every month there are some statistics that are up but there have nearly as many that are down. And you're right.......in general, April has been better than the first quarter. However, I am looking beyond just one month. If oil was in the $20, this market would have already taken off like a bat out of hell. I think oil is a problem but I don't think its the only problem. There is not just one thing you can point to but maybe a number of things that feel off. However, not everything is bad. Having said that, there is no question we've hit a soft patch. Whether its simply a blip, or an actual turning point, time will tell. ted

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