This weekend we mentioned the latest Barron's cover, which is about the paper's professional investor survey, which shows record high bullishness and a widespread belief that the Dow is going to go to 16,000.
By John R. Conway:Sometimes high gas prices can put a drag on the market, since lower consumer spending can affect companies due to higher gas prices. With consumers shifting more money towards their vehicle's fuel cost, consumers could cut the amount of discretionary spending where they feel will be the most useful.
February marks the first three-months of consecutive declines in restaurant sales in almost three years as Bloomberg reports consumers caught in "an emotional moment" spooked by higher payroll taxes, surging healthcare premia, and spiking energy costs. "February was pretty ugly" for many chains after January delivered an initial blow."
Personally, I prefer coffee to tea and the voters agree:
And although a combined 22 percent of poll-takers name the deficit/government spending as the top issue the federal government should address, 37 percent believe job creation/economic growth is the No. 1 issue. [...]
China, consuming energy at the fastest pace among major economies, has set ambitious targets to exploit its reservoirs of shale gas, the same fuel the U.S. touts as the means to energy independence. It won’t meet them.