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Consumers Permanently Changed By Recession, And That's Okay!
Minyanville —
When last we caught up with researcher Jim Taylor, vice chairman of The Harrison Group, he talked all about the emerging new resourcefulness of consumers. This week, delivering an update on the behavior of affluent Americans, he said the recession may be officially over, but household behavior has fundamentally changed forever. In a September update of the Study of Affluence and Wealth in America conducted for American Express ( AXP ) Publishing, only 46% are extremely or very optimistic about their children s future. And these are the families that have been hurt the least by the downturn. People remain financially ...
Trick or Treat
Trading to Win —
SPX managed to send 40% of the gains from yesterday to the graveyard- and it seems like we've got some fairly good swing trading price action from day to day building up to something. What that "something" is remains to be seen, but I have a hunch today will give us more clarity. For now, it's as clear as mud, but we're at end of month and for many funds- end of fiscal year today, so perhaps we'll see them release the monster and scare this tape down, once and for all.... let's just hope it's not another trick. We have a pattern worth watching today on UUP that could very well turn out to be a nice little treat for those who are short. I know ...
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