I am not going to do a pre market update until the dust settles from these worse than expected reports. I said we were going to get violent and that's what we're getting. Overnight spiked up to 1015.25 only to drop back to down to the 1007 level after the reports. If you remember the 1005-1006 level has been very relevant over the last week or 2 so It will be interesting to see the resolution from here.
Remember the consumer is 73% of the economy. These retail numbers are terrible considering they include the beginning of the cash for clunkers program
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