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Ignore plunging consumer confidence at your peril, suggests SoberLook, as stock prices are...

Ignore plunging consumer confidence at your peril, suggests SoberLook, as stock prices are pretty well tethered to it (or is it the other way around?). In any case, divergences don't seem to last for very long.
Comments (7)
  • twogo
    , contributor
    Comments (98) | Send Message
     
    It's an ignore everything market, isn't it?
    30 Jan 2013, 09:34 AM Reply Like
  • howard26
    , contributor
    Comments (142) | Send Message
     
    I have been catching myself saying "sheesh, what a "teflon market" this is getting to be." Last time I thought that, I bought some puts on SPY....... Hmmmmmm
    30 Jan 2013, 09:56 AM Reply Like
  • Japhro
    , contributor
    Comments (8) | Send Message
     
    No money to be made in Real estate these days, bond yields will go to zilch, so money pouring into equities and they love the free FED money in the mkts. bad GDP? Rally! it's getting absurd now
    30 Jan 2013, 10:19 AM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    Right now, the talking heads are ignoring the bad news (GDP, Consumer Confidence, PMI, etc.) and hyping the good news. It amazes me how they dissect the bad into good, and the good into better. Greed is at a high. We all know what happens when fear hits and it will. It's tough to go against the trend, however that is where the big $ is made. Remember the market moves up on the escalator and down on the elevator. Time will tell.
    30 Jan 2013, 10:20 AM Reply Like
  • proplumb
    , contributor
    Comments (3) | Send Message
     
    Deja Vu Maybe? It reminds me of 2009 when Cramer et al said to stay in the market it's great. Then after it crashed they said gee, I hope you got out in time.
    30 Jan 2013, 10:51 AM Reply Like
  • Jolly_Rancher
    , contributor
    Comments (546) | Send Message
     
    Oh yeah, it reminds me exactly of that. Right.
    30 Jan 2013, 11:07 AM Reply Like
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    $85 Billion a month is a lot of money and the question remains how long will it stave off the 30-40% correction?

     

    Corporate earning have been great but revenue continues to be missed....earnings/margin are up from people cuts, downsizing sizes/quality etc.

     

    In the end you must sell more units to sustain your business......

     

    PS: does anyone think the BA decision to outsource 70+% of the 787S was a good idea?

     

    I think the CEO needs to be "Shanghied.
    30 Jan 2013, 12:37 PM Reply Like
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