Friday, August 14, 2009

Quick dive

AlphaNinja - Stocks selling off quickly, after a preliminary August number from the University of Michigan Consumer Sentiment Survey spooked investors. The August prelim number is 63, a decrease from the 66 June number, but worse is that August's "expected" number was 69. More evidence that the bullishness coming from media talking heads and "economists" is not supported by underlying data.

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