If Nouriel Roubini is to be believed (and why shouldn’t he be since his predictions about everything else have been spot-on), because of the decline in oil and other commodity prices and because “the current recession is likely to prove more severe than any of the previous ten in the post World War II era” [...]

The Conference Board’s consumer confidence index is anticipated to weaken significantly as fears of a global recession intensify. Economists expect the index to fall to 52.0 from 59.8 in September, indicating that consumers are becoming increasingly downbeat towards the economy as employment opportunities dissipate.
Trading the News: US Consumer Confidence
What’s Expected
Time of release: [...]

Sales of new homes unexpectedly increased in the month of September, according to a report released by the Department of Commerce on Monday, although new home sales continued to show a substantial decrease year-over-year.
The report showed that new home sales rose 2.7 percent to an annual rate of 464,000 in September from the revised August [...]

(RTTNews) - Stocks have shown a lack of direction over the course of the trading session on Monday, with the major averages have difficulty sustaining any significant moves after showing substantial weakness last week. Nonetheless, stocks have been mostly negative amid a continued decline in commodity price and a significant fear of a potential [...]