Relevant:
- The Stock Market Doesn't Care About Homebuilders Anymore
- Goldman Sachs thinks we're heading into a bear market
- An X-ray of the stock market reveals a bad prognosis
- Consumer Confidence Sinks to 50.4, a 5-Month Low; Home Prices Rise; Case-Shiller a Very Lagging Price Indicator
- Americans' Confidence Is Down. Why?
2009-08-26 — wallstreetexaminer.com
"Over the years I have frequently pointed out what a stupid indicator the Conference Board’s Consumer Confidence indicator is, at least when it comes to the stock market. It’s like a dog chasing its tail. The Con Con, you see, follows the market. "
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