Poor employment trends clearly are weighing on sentiment, ... The (IBD) data is consistent with a meaningful decline in the Michigan survey.
While the data is clearly dollar positive, I would expect that the market will quickly shift back to the attention it is giving to Fed policy.
As outgoing Fed chairman, he's clearly concerned about the asset cycle and the prospect the low concern on credit risk is going to be associated with a decline in asset prices down the track,
In the aggregate, the economy has clearly stalled, and at best grew close to zero in the second quarter,
Clearly the economy had a good head of steam on it right through the hurricane period.