[rohry]

Posting problems again (do I sound whiney?)...This is my 6th attempt...

[EVO X]

do I sound whiney?)

Yes. However, I will side with you tonight. I got an internal server error message from The FR server..

[rohry]

Market WrapUp is delivered...

I almost gave up, however.

Over one hour to post an article is unacceptable...

[rohry]

Market WrapUp is delivered...

I almost gave up, however.

Over one hour to post an article is unacceptable...

[RightWhale]

Watching the $US to $EU every day. It's moved up a cent this week, but otherwise seems to be fairly stable. At least we are keeping even with the Euros, which might not be so wonderful considering their economy is not exactly robust either.

Also, it seems that new car sales are looking weak even with zero percent financing. Guess we are bought out for the time being. Since 'cars' is a big part of consumerism, the consumer index would naturally look discouraging.

Ginnie May has edged back up again. It tends to indicate that investors are feeling a little more cautious again.

Still waiting for the signal to jump back into stocks. No hurry, it won't be right away.

[Moonman62]

Before P&G’s announcement the market was telling us that the confidence numbers were something to be concerned with.

P&G announced before the bell, so the above conclusion is wrong.

The fading consumer confidence is an indication of a lack of confidence in the ability of this economy to grow and generate jobs, and if there are concerns about the economy, there is going to be doubts on corporate profitability.

Correct, but the market doesn't care about consumer confidence (a universal mistake made by the chowderheads in the media), it cares about forward looking consumer expectations, which were bleak.

My guess is that the turnaround today was due to the market discounting a Republican victory and economic policy changes after the elections, plus some long overdue rate cuts from the dictator at the Federal Reserve. Of course, if those things don't happen the market will take back everything it's given, plus a lot more.

[STONEWALLS]

...and now for something off topic.....is it just me or are the commercials on CNBC less fun than they used to be?....remember the Gen-X kid that used to tout E-Trade?...there were two great tag lines in those commercials: "I want to have his baby.." and "Let's light this candle!".....that kid used to crack me up.....with the market going down, the commercial plugs seem to be a lot duller and even cynical..ie "Come on people, let's put some lipstick on this pig"....the craziness of the bubble seemed to produce better ads IMHO.....maybe it's the equivilent of the old poker adage: winners telling jokes, losers yelling "shut up and deal the cards"...

As always, thanks Rohry and good luck to everybody!!

Stonewalls