Wall Street looks to US consumers for direction

[flashl]

Source: Yahoo

NEW YORK - With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent — and this week's data could help investors gauge the mind-set of the average consumer.

Tax rebates have historically been helpful in boosting the economy, but they only really work if they're used to buy goods and services. With many consumers weighed down by debt and saving up to keep up with the cost of basic necessities, some market experts are concerned that what's best for most individuals — saving their rebates — might not end up helping the broader economy.

Whether the average consumer feels financially healthy could determine whether the economy gets that late-2008 lift that so many investors have been betting on.

On Tuesday, the Commerce Department reports on retail sales in April. Economists surveyed by Thomson Financial/IFR estimated, on average, that sales dipped by 0.1 percent last month after growing by 0.2 percent in March.

Yahoo

Read more: http://news.yahoo.com/s/ap/20080511/ap_on_bi_ge/wall_street_week_ahead;_ylt=AuVOzuJAKAa44LFF7AnH6_qyBhIF

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Are 'we' suppose to believe Wall Street's all knowing oracles have a blind spot? Why don't they get the Retailers who are now stingy with data to fess up?

[Buns_of_Fire]

1. So Wall Street needs directions? Okay, here y'go...

Start walking east. Keep walking. No, I know your Guccis are getting wet -- but just keep walking. We'll tell you when to stop. Trust us. :evilgrin:

[magellan]

4. LOL!!

If only I knew how to recommend for a DUzy....

[Elspeth]

7. DUZY material!

I love it.

[fascisthunter]

2. Yes It is my Middle Finger, But I Am Trying...

to point you in the right direction.

[durablend]

3. Yeah buddy!

Those tax rebates are gunna save the day!

:sarcasm:

[TheWatcher]

5. Straight To Hell Wall Street.

That's the only acceptable direction for you at this point.

Go To Fucking Hell. Go Directly to Fucking Hell

Do not Get Bailed Out By The Fed, Do Not Collect $200.00

[Lost4words]

6. HEY WALL St. F-U you fascists sons of scum! n/t

[AnneD]

8. I'm surprised they even know we exist......

surest way to send a stock up in value is to lay folks off. But they seem to have forgotten-the employee you lay off today is the consumer that can't buy your product tomorrow.

[gratuitous]

9. NOW we're their oracle?

They didn't want to listen to us on executive compensation, minimum wages, or a progressive tax scheme. They may, with my permission and at my direction, go to hell. Go to hell and die.