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Weekly ABC Consumer Comfort Index Drop To lowest Since July; -50 Reading

Tyler Durden's picture




 

The most recent weekly ABC consumer confidence index number is out, and at -50 it is the lowest reading in exactly 3 months. Surprisingly, consumers are not keeping their confidence in lockstep with the value of their burgeoning E-Trade accounts. What next is up the administration's sleeve is anybody's guess.

 

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Tue, 10/20/2009 - 17:30 | 104917 Yankee
Yankee's picture

How about candlesticks, who trades this thing?

Tue, 10/20/2009 - 19:31 | 105102 Lionhead
Lionhead's picture

I do. Candlesticks not required.

http://tinyurl.com/yf4zz9n

 

Tue, 10/20/2009 - 17:39 | 104931 tip e. canoe
tip e. canoe's picture

some ideas:
cash for confidence
cash for comfort
cash for christmas
cash for catheters

 

Tue, 10/20/2009 - 17:57 | 104939 etrader
etrader's picture

Cash for implants may be popular.........

Tue, 10/20/2009 - 18:06 | 104962 starfish
starfish's picture

cash for boobs...that's a feel good piece of legislation...

Tue, 10/20/2009 - 18:10 | 104970 etrader
etrader's picture

It would also kick start retail, with all the new outfits that would have to be purchased....

Everyones a winner :-)

Tue, 10/20/2009 - 18:09 | 104972 MountainHawk
MountainHawk's picture

I like the way you're thinking... (sorry ladies)

Tue, 10/20/2009 - 18:14 | 104975 etrader
etrader's picture

Not just the ladies... :-)

Aren't male implants (peck bi/tri ect) the fastest growing sector  in that market?

 

Tue, 10/20/2009 - 18:14 | 104980 small watcher
small watcher's picture

Starfish -

I'm sure it would look good, but are you sure it would feel exactly right?

Tue, 10/20/2009 - 17:55 | 104947 tip e. canoe
tip e. canoe's picture

ooooh, turns out the administration has already beat me to the punch...just got the following text msg:

"DepartmentOfLabor Has LimitedYourBenefitsCard Starting with 511182.  Call (405) 237-3821 ToReactivate."

Wed, 10/21/2009 - 15:02 | 105899 Anonymous
Anonymous's picture

thats bullshit!! i got the same text!
with the same card start numbers-511182
i don't have a benefit card!!!
i hate this shit!!!!!!!!
hopefully i won't get anymore of this crap
they probably want you to give them your SS#, name, adres etc etc-assholes-you know somevobdy out there will fall for it

Wed, 10/21/2009 - 15:05 | 105904 Anonymous
Anonymous's picture

i got the same thing!
same exact text with same card number-i don't have a card
this reeks of a skam
they probably want my social, address etc etc
i hate these pieces of shit
you know someone out there will fall for this
i can't stand the spam & hope i never get another of these because it's the 3rd one in 3 days-each more specific & with a different number to call

Tue, 10/20/2009 - 17:52 | 104942 gjervis
gjervis's picture

cash for a vote

Tue, 10/20/2009 - 17:53 | 104944 HEHEHE
HEHEHE's picture

That one doesn't matter, the MSM only likes the manipulat..I mean Michigan survey.

Tue, 10/20/2009 - 18:10 | 104974 MountainHawk
MountainHawk's picture

Exactly...don't usually see the ABC poll having as much effect on the market the Michingia BS index..

Tue, 10/20/2009 - 18:20 | 104989 Yankee
Yankee's picture

Although I have never been polled (here meaning been contacted about my inner feeling on anything - rather than had my 'horns' cut off, as cattlemen do and as someone should do to mountain hawk - just kidding!) everyone else has - so my turn must be coming up, I'll get a listed phone number and pop the sucker off the top with my 'gorge now' patter

Tue, 10/20/2009 - 18:38 | 105027 Anonymous
Anonymous's picture

The reason there is little optimism on Main Street is that there are a fewer folks in the market experiencing "euphoria" than we are led to believe.

I know anecdotal evidence means very little, but as a 20-something looking at a few hundred facebook friends (likewise middle to lower-middle class), I know for a fact that only 20-25% have any savings in the market (and most just nominally).

Anyways, I'm guessing that most of the talking heads and reporters have seen their accounts grow substantially and feel better for it -- and they report as if all of America has felt this lift. But for a very large population of credit consuming Generation Xers, the market movements mean nothing compared to jobs, hours, and benefits.

Tue, 10/20/2009 - 18:57 | 105052 TraderMark
TraderMark's picture

Those annoying lagging indicators.  Stop polling them!

 

Tue, 10/20/2009 - 18:58 | 105055 Cognitive Dissonance
Cognitive Dissonance's picture

Looks like the $21 Trillion in overall injections/guarantees etc is wearing off. Those pesky numbers are beginning to roll over.

Been too quiet. Look out below.

Tue, 10/20/2009 - 20:23 | 105156 arnoldsimage
arnoldsimage's picture

i believe the next program rolled out by obamanation will be the cash for cache program. because there are so many right wing extremists to be dealt with, this is the ideal method of getting all those ak-47's and rpg's off the market.

Wed, 10/21/2009 - 00:26 | 105312 Anonymous
Anonymous's picture

RFID implants with face lifts, boob jobs and corporate abortions at tax payer expense, then a code red scapegoat to usher in the new world order final solution to peace and safety. Mahdi Husein U.N.-Security Council Nobel Peace Prize Putz will rule the nations.

Wed, 10/21/2009 - 10:56 | 105529 Anonymous
Anonymous's picture

The sawtooth pattern of the ABC survey reflected in your screen shot I think accurately reflects the almost whimsical nature of "consumer comfort." Monthly readings really do not reflect the future direction of the economy--up or down.

Still, if you're into trends, I think one would find a positive slope to the monthly reports over the timeframe in the screen shot. Still, I think the zigzag pattern (and consistently negative scores) don't really tell us much about the economy--then, now, or in the future.

Just sayin'.....

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