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.

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