Higher consumer confidence, lower oil prices and higher bond prices boost stock market - market up modestly planning to challenge all time highs
Sam Adelton
Sep. 26, 2006

The rally is real but the reasons may not be. The Dow is up 46 points with 2:1 market breath.

Higher consumer confidence, lower oil prices and higher bond prices are boosting the stock market. The market is up modestly planning to challenge all time highs.

According to media reports, Falling gasoline prices helped brighten the mood of American shoppers in September, sending a gauge of consumer sentiment higher than analysts expected.

But that can be short lived as house prices fall far rapidly than gas prices at the pump.

The New York-based Conference Board said Tuesday that its consumer confidence index rose to 104.5 from a revised reading of 100.2. in August. Analysts had expected the index to rise to 103.

Oil is down and is expected to go down faster due to slack in demand. The recessionary trend is boosting long bond prices. The long rates are way down inverting the yeild curve significantly. The rates may not down significantly from here because of growing budget deficit.

Higher consumer confidence, lower oil prices and higher bond prices boost stock market - market up modestly planning to challenge all time highs
Sam Adelton
The rally is real but the reasons may not be.
READ MORE>>

Budget deficit pulls US to number six position in the list of top ranking as the world's most competitive economies
Sonia Mandelson
World Economic Forum study shows how the most productive country can lose competitive edge due to huge budget deficit.
READ MORE>>

Can E-Loan compete with banks as it offers Internet based savings accounts yielding 5.5%?
Albert Winston
The high yielding savings account and its announcement shows another sign that the economy is finally turning and people are becoming conservative.
READ MORE>>

Another sign of recession - Sharper Image said founder Richard Thalheimer is stepping down as chairman and CEO
Alan Moore
Sharper image naturally faces the outer edge of the recession. That kind of store is hit first by a major recession.
READ MORE>>

Health-care premiums for employers and their workers is a major drag on US economy
Alex Bronson
Health-care premiums for employers and their workers have climbed twice as fast as wages and inflation in 2006. It will rise even faster in coming years.
READ MORE>>

Hedge funds getting under microscope from regulators - SEC is probing whether hedge fund Pirate Capital broke securities laws
Tania
The scrutiny is at a very preliminary stage.
READ MORE>>

GM never gave up potential alliance with Renault and Nissan - it is just concerned about giving details to media
Sam Adelton
According to GM's finance chief the alliance possibilities are on track. There were some unconfirmed rumors that after failure of talks with GM, Renault and Nissan are looking towards Ford.
READ MORE>>

MORE ARTICLES >>