Seeking Alpha

Consumer confidence surges past estimates

  • The early December read on consumer confidence of 82.5 is far higher than 75.5 expected and the best print since July.
  • Treasurys must have priced in all this great economic news (see jobs report earlier) because - after a knee-jerk big move down - they're little-changed at this point in the session.
  • Stocks remain close to their best level of the session, the DJIA (DIA +0.9%) up 133 points.
  • Dow ETFs: DIA, DOG, DXD, UDOW, SDOW, DDM
Comments (9)
  • bbro
    , contributor
    Comments (9741) | Send Message
     
    Lots of cash sitting in saving deposits....
    6 Dec 2013, 10:11 AM Reply Like
  • mitrado
    , contributor
    Comments (1985) | Send Message
     
    Only across the Ocean.

     

    In Europe things are going from bad to worse.
    2 years ago I was being paid 1050€ after taxes. This year, 800€. Next year 600€. Consumer sentiment here is non-existent, since after paying the bills there's nothing left. We can't buy anything without money, can we? Oh... and please notice that I've actually one of the "lucky ones." Most people are not receiving half of my paycheck.

     

    This country is going down the drain. Riots and pillages are on the horizon.
    6 Dec 2013, 10:57 AM Reply Like
  • Luc Janssens
    , contributor
    Comments (26) | Send Message
     
    Which country are you talking about. Germany or Greece?
    6 Dec 2013, 12:10 PM Reply Like
  • mitrado
    , contributor
    Comments (1985) | Send Message
     
    Portugal
    6 Dec 2013, 12:51 PM Reply Like
  • sarichter
    , contributor
    Comments (314) | Send Message
     
    Well... there is definitely a limit to how much tax is beneficial to any society. I definitely lean to the left socially but lean right fiscally. It's just too bad every government is run by the rich. Hard to change how they use the tax money... would be so much better if it was done more efficiently and effectively.
    6 Dec 2013, 01:30 PM Reply Like
  • financeminister
    , contributor
    Comments (793) | Send Message
     
    Does anyone know how they calculate "consumer confidence"?
    6 Dec 2013, 10:56 AM Reply Like
  • BruceInKY
    , contributor
    Comments (429) | Send Message
     
    The same way they calculated the GDP growth.
    6 Dec 2013, 12:39 PM Reply Like
  • andrewvancity
    , contributor
    Comments (17) | Send Message
     
    They phone on a Friday night, Monday the confidence is back to 75.5
    6 Dec 2013, 12:09 PM Reply Like
  • The_Hammer
    , contributor
    Comments (4003) | Send Message
     
    Yeah and consumer confidence hit near all time lows at the bottom in late 08 early 09 of the market. No doubt the sheep will start jumping on this moving locomotive but it is risky.
    6 Dec 2013, 01:18 PM Reply Like
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