Reuters: Slumping stock market may crack consumer
The stock market may be the deciding factor in whether the U.S. economy tips into a consumer-driven recession this year.I've been following several stocks this year. The bottom so far was around January 22. For example Precision Castparts Corp. went from $124 per share to $106 per share. Now its up to $118 per share.
With U.S. stock markets off to their worst start in history this year and a growing number of economists predicting a recession, households may begin worrying about their nest eggs and do something they haven't done much of for years -- spend less than they earn.
I follow this stock in particular because they manufacture parts for weapons, one of America's bread and butter businesses.
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