Despite terrorist events around the world, rising oil prices and a lukewarm job market, consumer spending has remained fairly strong, much better than many would have thought. But if the economic data starts to slow and oil rises above 60 a barrel, that could eat into consumer spending.
More Quotes from Michael Sheldon:
The economic data over the next several weeks are going to be difficult to interpret, and it'll be interesting to see how the market reacts,Michael Sheldon
With equity markets closing at their lows of the day Tuesday, the likelihood is that trading may get off to weak start on Wednesday morning.
Michael Sheldon
So far the earnings season has gotten off to an underwhelming start. I think the positive news from Intel is just what the market needed and is likely to lead to a favorable opening on Wednesday.
Michael Sheldon
It's going to be an interesting week for the markets with a slew of economic and corporate news on tap.
Michael Sheldon
Today's weak market performance is the result of some worse-than-expected earnings reports and a decline in the consumer confidence report.
Michael Sheldon
When all was said and done, the market showed its resilience once again, ... The market performed well despite today's extremely weak consumer sentiment number. Investors seem to be looking over a softer economy for the next few months towards a stronger economy to start 2006.
Michael Sheldon
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Based on Topics: Economics Quotes, Mind Quotes, Thought & Thinking Quotes, World QuotesI am of opinion that it is highly requisite forthwith to pass a law, prohibiting upon great penalties all trade with our enemies, and more especially the supplying of them with arms, ammunition or provisions of any kind whatsoever.
William Shirley
Every wise, just, and mild government, by rendering the condition of its subjects easy and secure, will always abound most in people, as well as in commodities and riches.
David Hume
I'm seeing and hearing lots of B to B instruments, and everybody isn't, you know, using them... a lot of these guys are trying to do it on conventional guitars, although that has its own sound, and maybe its okay.
John Sebastian