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Case Shiller Graph Pron (Both) Courtesy Calculated Risk
In the, “Well, this can’t be good,” category, we have the Conference Board’s Consumer Confidence Index fell, with the numbers for the current economic situation falling to a 26 year low.
Still, we have seen the Case-Shiller home prices rising for the 4th straight month, though, with the expiration of the first time home buyer tax credit, and the end of the home buying season, I do not expect this to continue.
In the old standbys, oil was largely unchanged, remaining just below $80/bbl, and the dollar rose on concerns about the consumer confidence numbers.