Consumer Confidence Rises To Highest In Over 5 Years Just As Market Tumbles

Tyler Durden's picture

Earlier we asked a simple question:

 

 

the answer is 9:55... and while not an all time high, LOLfidence, pardon, CONfidence just printed the highest number since July 2007

While slightly off - there was a dramatic rise in confidence into the 2008 election also... just saying... as there has been going into every election for the last 30 years...

 

Insert appropriate laughing noises here...

 

Charts: Bloomberg

(h/t @Not_Jim_Cramer)

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Calidreaming's picture

Holy Sheeple! Batman!

ihedgemyhedges's picture

5 years ago.....hmm, let's see.  October/November 2007.  Hmmm.......

Yep, it really paid well to be confident back then didn't it?!?!?!?!?!?!?!

CvlDobd's picture

I like how the gold/silver rally slowed on this. Makes no sense. If they truly are confident it stands to reason spending will pick up. Velocity of money will follow. An then the mother of all inflationary events.

But yeah, sell metals and buy stocks because people are confident. Great fucking idea.

old naughty's picture

Holy "sheeple", Batman,

the machines are here,

the machines are here.

CrockettAlmanac.com's picture

Hey Kool-Aid! That guy provides a mighty boost to the economy with all the walls he knocks down.

 

http://www.youtube.com/watch?v=nBeUGqeYsQg

Stackers's picture

2,000 UMich students are now really really REALLY confident their student loans will buy the mini-Ipad

ParkAveFlasher's picture

The survey must be adding in all those gas cans and generators bought on Amazon and shipped into NY/NJ this month.

dracos_ghost's picture

I heard Bear Stearns is a screaming buy. Can't seem to find a quote though ....

MillionDollarBogus_'s picture

Keep the masses confident and they will keep spending...

Edward Bernays is smiling...somewhere...

FlyoverCountrySchmuck's picture

"Keep the masses confident and they will keep spending..."

Keep the masses falsely confident and they will reelect Obama. I said it months ago, and I'll say that again.

 

Now that the election is over, REALITY is going to start setting in, around January 1st. And I won't have much sympathy, since the morons VOTED FOR THIS...

eatthebanksters's picture

This is  a great indicator of how smart the electorate is...and why Obama was re-elected.

Rathmullan's picture

Heh, ask the 49% of the population that voted for romney how confident they feel now. The obama voters are broke (with the exception of the wall streeter hollywood contingents).

redpill's picture

I'm feeling very confident...

 

 

 

 

 

 

 

 

 

 

 

 

...that we're totally fucked.

HD's picture

Confident, confident! Dry and secure! Raise your hand, raise your hand...if your sure!

http://www.youtube.com/watch?v=t-FZ21uDKeQ

JPM Hater001's picture

I gotta go.  Stores closing soon.

Cognitive Dissonance's picture

This reminds me of those commercials you see and hear that don't really seem to be selling anything other than the brand itself. The intent is to remind you what a great idea it was to buy "whatever" in the first place.

In this case (Consumer Confidence) the brand is democracy and we are very confident. We just voted....didn't we? LOL

<Just in time to begin the off year election campaigns.>

old naughty's picture

Right, we (inclusive of the 45 million cheque receipients) voted.

Demo-crazy !!!

Central Wanker's picture

Right. There really is nothing unsure in the future. Straight to hell with 100% probability.

CvlDobd's picture

Hey! Me too!
<<<<<<<<<

Kaiser Sousa's picture

and im CONfidebt as well...

 

 

 

 

 

 

 

 

 

 

 

that this is some straight up mother fucking BULLSHIT....

BeetleBailey's picture

Nice use of white space Red.......dramatic "pause"....

 

 

Jack Benny-ish..........

Vincent Vega's picture

Green shoots, Bitchez!

TeamDepends's picture

consume consumer consumed

BurningFuld's picture

Well with Obama elected I know 47 million people are breathing a sign of relief.

adr's picture

Do they have names like Ramone, Tyrone, and Shaniqua?

cowdiddly's picture

Around here they have names like Cory Don and Thema Kay

And, that 47% estimate is a little low.

FlyoverCountrySchmuck's picture

Anybody got directions to the Gulch? I'm about done...

rubearish10's picture

Yeah, UofMich has been getting a lot of calls.

Hayabusa's picture

You mean the same 47 million that reelected Obama right?

bnbdnb's picture

Anticipation of removal of Obama. Sentiment will slam next month.

northerngirl's picture

The removal of Obama may never happen.

insanelysane's picture

Think not.  The confidence comes from the thought that the government is going to hand out money.  Obama did what no other president did by winning re-election with high unemployment because the voters realized that this guy will give them money for their vote.  30 years ago people needed to vote for a president that would find them a job.  That is ancient history.  Why get a job when you can get money?  The job is just a middleman, isn't it???

Lost Wages's picture

Christmas is gonna be big! Wheeee!

Jena's picture

You're gonna get a waffle iron that makes pony-shaped waffles.  How's that?

EscapeKey's picture

Look at all this free oxygen!

HD's picture

 That was funny mate.

Lendo's picture

Do they do the polling at a Walmart?

cowdiddly's picture

Just drive by the local Walmart around the first of the month. Gawd, lines longer than Laren Lyster's Legs.

After about the 10th of the month it looks like a ghost town and you can park in the front row.

Lendo's picture

I go to Walmart 4 times a year and that's to buy my Rotella T 10-30 synthetic oil. I shower as soon as I get home.

GCT's picture

The sheeple feel they are now saved.  What a joke to be honest.

I am sure they will do their best to keep the budget negoiations out of the media until after Christmas day.

LongSoupLine's picture

I'm confident that this ia the biggest bullshit indicator out there.  

 

 

 

who's their sample survey...michigan auto union employees?

adr's picture

Is that why the Nasdaq jumped 15 points in a minute or so.

That bullshit was set before the election rght?

Wonder what it is now?

If you say you are confident, you are either lying or on the receiving end of an Obamaphone.

MFLTucson's picture

Just ridiculos the fraud that this country is peddling!

Cole Younger's picture

You have a divided country...how in the hell can consumer confidence rise?