The Consumer Confidence Index (NYSE:CCI) measures the level of optimism of consumers. It turns out that this indicator is a good long term contrarion indicator. In the past 40 years, the indicator managed to pinpoint 5 market bottoms since 1969. That's a whopping 5 out 5 times.
Comparing this CCI chart to the S&P 500, the CCI correctly predicts great buying times for the long term equity investments. According to the CCI, 2009 marks another great time to buy in.