Heavy Metal Mad Libs: GWAR and the Economy
By Chris Gray in Metalocalypse, Playbill
Tue., Sep. 29 2009 @ 2:30PM
"NEW YORK - A report showing GWAR are still downbeat on the economy is giving investors reason to sell GWAR. "The GWAR failed to hold on to early gains and edged slightly lower in late morning trading Tuesday after the Conference Board said its GWAR confidence index fell to 53.1 in September, down from 54.5 in August, and much lower than the GWAR of 57 that economists had been expecting.
"The private GWAR group attributed the decline to concerns about the labor market, saying consumers are still worried about losing their jobs. Consumer GWAR has been a key focus for the stock market in recent months, and many analysts say a true turnaround in the economy can't occur until consumers start GWARing again and employers create more jobs. "The GWAR report was tempered by an increase in GWAR prices, the latest encouraging sign for the troubled housing sector. The Standard & Poor's/Case-Shiller home price index of 20 major GWARs showed home prices rising 1.2 percent in July from June, marking the third straight month of increases. "'The data is GWAR, so there will be the occasional economic GWAR that is going to trigger some selling because stocks are up a lot,' said Howard Ward, GWAR manager at GAMCO Growth Fund, referring to the market's more than 50 percent rise off of 12-year lows in March."GWAR plays with Job for a Cowboy and The Red Chord, 7 p.m. tonight at Warehouse Live, 813 St. Emanuel, 713-225-5483 or www.warehouselive.com.





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