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More on Consumer Confidence: At 60.6, the index hits its lowest level since November, led by a...

More on Consumer Confidence: At 60.6, the index hits its lowest level since November, led by a sharp drop in optimism about the short-term outlook.  Those expecting business conditions to improve fell to 16.5% from 19%. Those expecting worsening increased to 17.7% from 15.1%. The report hits stocks a bit (Why? Shouldn't this make Fed action more likely?), the S&P 500 -0.2%.
Comments (11)
  • Gainz Burger
    , contributor
    Comments (17) | Send Message
     
    "pay no attention to the man behind the curtain"
    28 Aug 2012, 10:15 AM Reply Like
  • bbro
    , contributor
    Comments (10526) | Send Message
     
    Random Movements...
    28 Aug 2012, 10:16 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Of course it is.
    28 Aug 2012, 10:18 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1490) | Send Message
     
    bbro,

     

    Do you pay attention to the Conference Board's LEI?

     

    Consumer Expectations has a pretty big weighting in the index. A number like this could make it negative all on its own.

     

    LEI component and weighting:
    10 Avg. consumer expectations for business conditions 0.1551
    28 Aug 2012, 10:29 AM Reply Like
  • wigit5
    , contributor
    Comments (4222) | Send Message
     
    They just can't help themselves with the talk of Fed action can they?
    28 Aug 2012, 10:18 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1200) | Send Message
     
    Yeah. It's like -

     

    "I have an idea! Let's devalue the currency. That'll make 'em feel better."
    28 Aug 2012, 10:23 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Ponzi scheme continues....Fed believes in easing regardless to pump up markets for the "trickle down"m wealth effect... No higher markets no higher consumer spending , which accounts for 70% GDP We're all in a trap
    28 Aug 2012, 10:23 AM Reply Like
  • J 457
    , contributor
    Comments (956) | Send Message
     
    At what point did we allow the FED to harness the entire financial system and manipulate it for the benefit of the few? Seems there should be millions of daily calls from concerned citizens to their elected officials voicing objection. Your life's finances, all in the hands of the FED as they experiment with monetary policy. Get them out of the markets and you'll start to see a recovery.
    28 Aug 2012, 10:30 AM Reply Like
  • yourpal
    , contributor
    Comments (18) | Send Message
     
    I agree J457. I don;t know who or what to believe any more.
    28 Aug 2012, 10:44 AM Reply Like
  • Tack
    , contributor
    Comments (14574) | Send Message
     
    Only amateurs pay any attention to this silly poll.
    28 Aug 2012, 10:56 AM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    Tack, more like naive people.

     

    PS: Retail Sales up 3.4% y-y...NO recession.
    28 Aug 2012, 03:14 PM Reply Like
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