Is that a graveyard?
Are the ghosts of inflation past rising from their coffins?
Maybe so.
This is the time all traders hope for: a clear signal is ignored by the rest of the market.
Inflation's coming, and these dinosaurs are about to feel the impact.
* * * * * J B K * * * * *
San Francisco
U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.
The increasing confidence was driven by growing optimism about the labor market, according to a U.S. Conference Board report released on Tuesday, and was the highest since the collapse of investment bank Lehman Brothers in September 2008.
The Board's index of consumer attitudes rose to 57.9 from a downwardly revised 52.3 in March, well above the median forecast for a reading of 53.5.
