Morning reflections 8/31/10

Consumer confidence numbers came out at the top of the consensus range which sent the market higher in the short term.  The trend is still down however and the markets are barely holding above the ascending trend line formed by the July and August lows.  Dow is still struggling with 10,000.  All numbers are out for the day.

Obama is supposed to announced the official end of the Iraq war today.  Will it affect the markets?  That is yet to be seen.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: