Friday, August 14, 2009

Go Blue?!? What's up with the U of Michigan Consumer Sentiment number??

How is it that the markets go up 8+% in July, unemployment drops, and housing rebounds to show an uptick in purchases and median prices--yet, consumer sentiment drops?!? Come on, folks?!? Who's looking at the data in Ann Arbor?!?

Here's the (preliminary) data: The August print came in at 63.2 from 66.0 in July.

Want to know when it was this low?? Back in March when we were seeing -800,000 jobs and the market low on March 9th! Are you telling me all of us are down in the dumps like we were in March?!? No way! Things are getting better and they'll continue to be that way!!

The revision comes out at the end of the month. LandColt Analysts are expecting a print higher than the July 66.0 print.

Smile people--things are looking up!!

More later,

Todd M. Schoenberger, Managing Director
LandColt Trading, Inc.

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