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Reply #4: Sentiment don't mean squat [View All]

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Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 11:03 AM
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4. Sentiment don't mean squat
The other numbers out today are disturbing.

Nondefense new orders for capital goods dropped 7.1% while inventories dropped 1.7%. That means people are either unwilling, or most likely, unable to spend. That's reality vs. sediment (pun intended) :puke:
http://www.census.gov/indicator/www/m3/adv/pdf/durgd.pdf

Large and small loans are defaulting at an ever increasing rate

Thinking that things are better because their retirement accounts look better, while the dollar is getting crushed at the same time, is stuff kool-ade commercials are made of.
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