Cash For Clunkers Ends

The highly successful “cash for clunkers” has officially ended. In my opinion this was the only program of all the bailouts that actually helped the average consumer. The immediate impact on the markets is undeniable with the DOW seeing a nice rise to close the week above the 9500 level.

This auto buying frenzy by the consumer is now over and in the weeks ahead we will get to see if the markets can continue the bull run without the consumer spending. I don’t think so. But then I did not think the markets would see 9500 again this year.

Like you I will be watching the markets in the coming weeks as we all start to think about the Christmas Shopping season. I still can not think of any reason the markets will continue this rise but then again the stock market has a way of surprising us all.

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