Lacking Confidence

The dip buyers jumped on the gap down to start the day, but weakness in financials and retailers are keeping folks on the sidelines. Gold has reemerged as a leader today and that is not a good sign for equities, especially with banks struggling.

Consumer confidence numbers just hit and are absolutely horrendous.  Expectations are not even close and we are selling off hard on those numbers.  That is a downright scary number and does not bode well for the economic reports due out later this week....136 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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