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More on Consumer Sentiment: The final read is even worse than the cliff-dive of the preliminary...

More on Consumer Sentiment: The final read is even worse than the cliff-dive of the preliminary report (2 weeks ago). Falling to 72.9, the sentiment index has erased all of its gains since bottoming out in July. Stocks remain sharply lower, the S&P 500 -1.1%, the Nasdaq -1.4%.
Comments (11)
  • Income is up and yet sentiment is down. And wasn't CPI down as well?
    21 Dec 2012, 10:37 AM Reply Like
  • Our Fearless Leader needs to turn this around quickly.
    21 Dec 2012, 10:42 AM Reply Like
  • Be patient, comrade. He'll be getting back to the job after Hawaii, with the customary laser focus and first priorities.
    21 Dec 2012, 11:36 AM Reply Like
  • Wait until 1Q hits.
    21 Dec 2012, 11:35 AM Reply Like
  • the nutcase bernank killing any demand from those looking to spend most of their interest and pension income. unfortunately retirees are taking a beat'en due to record low interest rates on savings. great job bennie boy.
    21 Dec 2012, 11:48 AM Reply Like
  • My retirement annuity seems to still be paying it's regular amount.
    21 Dec 2012, 02:32 PM Reply Like
  • Sentiment indicators are a huge waste of time. Pay attention to data, like today's duable goods, not whimsical "mood" polls.
    21 Dec 2012, 11:54 AM Reply Like
  • I have seen those kind of polls move several points either way on the
    "news of the moment" hype. They pretty much are worthless except as a conversation piece.
    21 Dec 2012, 12:56 PM Reply Like
  • <<Sentiment indicators are a huge waste of time.>> totally disagree, of course some have more relevance than others. buy max pess, sell max complacency.it has helped over the decades aviod big time pain.
    21 Dec 2012, 06:15 PM Reply Like
  • Those reading the government reports for trends are looking at the past. Sentiment is not that good but its better than flawed reports about the past that keep getting adjusted. In reality, it seems clear we are entering a slowing phase which will probably lead to a full economic downturn in 2013. Asides from metals as a hedge to QE I'd be careful buying into a dip.
    21 Dec 2012, 03:12 PM Reply Like
  • Hey just wait for the sentiment report when the 2% FICA holiday expires.
    21 Dec 2012, 03:32 PM Reply Like
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