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1.Market Observations

17 Oct 2012 (AFR, Bloomberg) – Finally, American wallets get a workout

(17 Oct 2012, AFR, p17, Shobhana Chandra, and Bloomberg)

Retail Sales Beating Forecasts Support U.S. Growth

‘Americans snapped up goods from cars to iPhones in September at a faster pace than forecast by economists, showing consumer demand was heading into the year- end holidays on a high note.’

‘The 1.1 percent advance followed a revised 1.2 percent increase in August, the best back-to-back showing since late 2010, Commerce Department figures showed today in Washington. The median forecast of 77 economists surveyed by Bloomberg called for a 0.8 percent rise.’

Read more at Bloomberg.com

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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