Filed under: Economic data , Housing Existing homes are starting to move again.

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Home resales up 9.4% in September, prices fall

Filed under: Earnings reports , Apple Inc (AAPL) , Amazon.com (AMZN) , McDonald’s (MCD) , 3M Corporation (MMM) , Caterpillar (CAT) , New York Times’A’ (NYT) , Bank of New York (BK) , Hershey Co (HSY) , Gannett Co (GCI) , Morgan Stanley (MS) , Kimberly-Clark (KMB) , United Parcel’B’ (UPS) , Lockheed Martin (LMT) , Broadcom Corp’A’ (BRCM) , SLM Corp (SLM) Here are some highlights from last week’s earnings coverage from BloggingStocks: AirTran Holdings Inc. (NYSE: AAI ) reported its third consecutive quarterly profit and will increase capacity.

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Earnings highlights: Amazon, Apple, Caterpillar, Hershey, McDonald’s, UPS …

Filed under: Recession By year-end 2009, we will see a more than $4 trillion pullback in credit lines. And we are a country that runs on credit.

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Reason #5: The credit crunch will continue

Filed under: Earnings reports , 3M Corporation (MMM) 3M (NYSE: MMM ) is one of those solid stocks that investors love to sock away in a core portfolio. It was down when pessimism about the economy was at its peak, but it’s coming back now that Wall Street is becoming comfortable with the idea that the economic clouds will eventually give way to rays of macro sunshine. Earlier in the week, 3M reported a great quarter

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3M beats in Q3, delivers gain in free cash flow

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Filed under: Recession Not only are consumers not spending, their actual attitudes toward spending have changed. Even for the six people on the block who are flush with cash, frugality is the new chic .

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Reason #4: Changing consumer attitudes

Filed under: Microsoft (MSFT) , Yahoo! (YHOO) Carl Icahn, the famous activist investor, resigned from the Yahoo! (NASDAQ: YHOO ) board of directors Friday. This comes just over a year after he scored the position, following the seemingly endless talks the company had with Microsoft (NASDAQ: MSFT ) over the possibility of a takeover. Icahn told Yahoo that he was resigning effective immediately because Yahoo! didn’t need an activist investor on the board at this time

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Icahn bails from Yahoo! board of directors

Filed under: Recession A fear of a loss of income will continue to squelch consumer spending. Most people I know are fearful about their futures — i.e., losing their jobs or seeing a cut in commissions, profits, or wages. This means they will hang on to their pennies in 2010.

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Reason #3: Consumers are afraid to spend money

Filed under: Housing , Recession People not only feel poorer, they are poorer.

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Reason #1: Dramatic loss of wealth