Wholesale prices up 7.4%, the highest in 25 years

Consumer confidence plummets

Foreclosures sore by 57% for January

and the market rallies???!!!

what am I missing?

Dow 12,693.15 +122.93 +0.98%

Nasdaq 2,352.42 +24.94 +1.07%

S&P 500 1,381.99 +10.19 +0.74%

 

Foreign trade is high and the economy is being stimulated by lower interest rates.

 

Light Crude (NYM)
April 08 ($US per bbl.) 100.80 +1.57 101.00

 

so those who arent being foreclosed on are refinancing??

 

Federal Reserve is holding strong and not fluctuating the interest rates. Corporations are spending money again.

 

Pretty much, or their selling.

 

CONOCOPHILLIPS (NYSE:COP)

Last Trade: 84.09
Trade Time: 1:47PM ET
Change: +1.83


thats 2.5% ....this is good for my 401K but bad for prices at the pump

 

I own a ton of CP stock. My father retired from Conoco/Phillips after 36 years so you ought to see HIS portfolio.

 

I think we are going into Stagflation.thats Whitmore talk


Feb. 26 (Bloomberg) -- U.S. consumer confidence fell to the lowest level in five years and wholesale inflation picked up, limiting the Federal Reserve's room to maneuver as it tries to avert a recession.

The Conference Board's index of confidence dropped to 75.0 in February, lower than forecast, from 87.3 in January, the New York-based group said today. The Labor Department reported that producer prices rose 1 percent last month. Excluding food and energy, expenses climbed 0.4 percent, the most in almost a year.

Consumers, whose spending accounts for most of the economy, are being buffeted by lower home values, rising unemployment and elevated gasoline and food prices.

 

Yeah, but the Federal Reserve is staying consistent and not fluctuating the interest rates so thats a contributor. Rising unemployment is BS. We're at an all time low and food prices havent gone up that much. Its the rising fuel cost and lower resale values that are causing the ripple.