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Consumer confidence tells us more about how the stock market has already performed than it does...

Consumer confidence tells us more about how the stock market has already performed than it does about the future," writes Mark Hulbert, reminding the gauge (yesterday's big print) has a great record as a lagging indicator. If anything, he says, strong readings tend to be correlated with negative stock performance going forward.
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  • whidbey
    , contributor
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    Repression of free speech and opinion is the first refuge of scoundrel's. Just the attempt to control financial opinion is sufficient to warm investors to avoid the instruments issued by the EMU. This is the most negative development for the EU to date. But Watch for more as buyers dry up and mandatory buy and holds are adopted for government debt, forcing retirement funds, insurance companies and individual savers to hold the new EU "mystery debt".
    28 Nov 2012, 10:54 AM Reply Like
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