Tuesday, May 26, 2009

Consumer Confidence Improves

Consumer Confidence rose to 54.90 vs 40.8 in the previous month. Ten-year rates rose above 3.45% while the Dow Average is rising 100 points to 8380+. We are looking for a test of the 8575 level on the Dow this week.

In other news today, the SP Case Shiller Real Estate Index showed that house prices continue to fall. The 10 city index fell 18.6% year-over-year. Markets did not react to this news

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