Cheap Tiffany Sets5Merry Christmas Stock Chart For

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fact, auto sales are booming. For September 2010, General Motors posted an 11% rise in units sold [link widoczny dla zalogowanych], Ford sales were up 41%, Chrysler sales were up an astonishing 61% and the world's biggest car maker, Toyota, said that its September unit sales were up 17% from September, 2009. How's that for growth!
Once the government's "cash for clunker" program to spur U.S. car sales ended, many auto analysts were cared that car sales would plummet. The opposite happened.
In truth, automatic bargains are booming. For September 2010, General Motors posted an 11% rise in units sold, Ford bargains were up 41%, Chrysler sales were up an amazing 61% and the world's biggest car maker [link widoczny dla zalogowanych], Toyota, said that its September element sales were up 17% from September, 2009. How's that for growth!
Consumers are returning to the showrooms and buying cars again. They are cautious, they are seeing for a handle, merely they are buying. And that's the maximum momentous thing. But it's not equitable cars that consumers are buying.
The U.S. Commerce Department said on Friday namely client costing in the U.S. rose 0.4% in August, extra than the Street had been portending. So, what does this mean? It method namely you should expect U.S. retailers to have a better-than-expected Christmas season.
Veteran readers of my col know thatI'm a big believer in stock charts. To me, a stock diagram can differentiate the story six to 12 months out. A look at the Dow Jones Retail Index shows a mini ox market. This concordance was one of the biggest champions in September, up 13% for the month. This stock chart says that Santa will make it a Merry Christmas for retailers this year.
Consumer spending makes up 70% of the U.S. economy. These consumers are buying again, either big-ticket items favor automobiles and small-ticket items like retail products. If it were no for the overhang of the U.S. housing market, given the continued accommodative stance of the Federal Reserve, this economy would actually be booming.
Michael's Personal Notes:
An story in The New York Times this weekend covered a heading that our administration is promising not cheerful to listen about: companies, instead of spurring the economy with capital investments to build jobs [link widoczny dla zalogowanych], are hoarding their cash. U.S. corporations now sit on about $1.6 trillion in cash.
I wrote about this in PROFIT CONFIDENTIAL a couple of months ago. Still anxious about the economy, huge companies rather to reserve their cash instead of providing it in new equipment, buying opponents or launching current products/services. And, in an effort to increase to their cash hoards, companies are actually borrowing money they really don't need, for they tin access cash by log low costs.
Morals are not what i'm here to annotate on.S. companies hoarding cash as disapproved to spending it to spur the economy, as an avid stock market watcher, I see the hoarding of cash along these companies as a nice thing. The stock market loves to mount a wall of worry. And while you have U.S. corporations sitting on a record sum of cash during a recession, it means that these companies are still very worried about the economy. The more worried they are, the higher I believe stock prices will rise.
The money these companies are hoarding is actually a built-in back-stop as the stock market. In the event the market crashes or begins its bearish descent to Dow Jones 6,440 (the cheap from March 2009), these companies will have abounding cash on hand to initiate stock buyback procedures to defend their stock prices.
Where the Market Stands:
While investment newsletter writers and stock advisors are emotion somewhat more snug with stocks give the best September we've had for stock since 1939, caution still prevails. I read 1 well-known bulletin this weekend that was quite bearish on stocks for a heap of its 10 pages.
I trust the stock mart ambition continue apt ascend ashore the background of this negativity. The Dow Jones Industrial Average opens thi