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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Fri, 11/09/2012 - 11:04 | 2964337 Calidreaming
Calidreaming's picture

Holy Sheeple! Batman!

Fri, 11/09/2012 - 11:13 | 2964388 ihedgemyhedges
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?!?!?!?!?!?!?!

Fri, 11/09/2012 - 11:16 | 2964399 CvlDobd
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.

Fri, 11/09/2012 - 12:13 | 2964631 old naughty
old naughty's picture

Holy "sheeple", Batman,

the machines are here,

the machines are here.

Fri, 11/09/2012 - 12:32 | 2964704 CrockettAlmanac.com
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

Fri, 11/09/2012 - 12:47 | 2964772 Stackers
Stackers's picture

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

Fri, 11/09/2012 - 12:54 | 2964797 ParkAveFlasher
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.

Fri, 11/09/2012 - 12:28 | 2964690 dracos_ghost
dracos_ghost's picture

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

Fri, 11/09/2012 - 11:17 | 2964401 MillionDollarBogus_
MillionDollarBogus_'s picture

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

Edward Bernays is smiling...somewhere...

Fri, 11/09/2012 - 11:56 | 2964570 FlyoverCountryS...
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...

Fri, 11/09/2012 - 11:18 | 2964406 eatthebanksters
eatthebanksters's picture

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

Fri, 11/09/2012 - 12:42 | 2964751 Rathmullan
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).

Fri, 11/09/2012 - 11:04 | 2964338 redpill
redpill's picture

I'm feeling very confident...

 

 

 

 

 

 

 

 

 

 

 

 

...that we're totally fucked.

Fri, 11/09/2012 - 11:08 | 2964350 HD
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

Fri, 11/09/2012 - 11:11 | 2964369 JPM Hater001
JPM Hater001's picture

I gotta go.  Stores closing soon.

Fri, 11/09/2012 - 11:13 | 2964382 Cognitive Dissonance
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.>

Fri, 11/09/2012 - 12:16 | 2964638 old naughty
old naughty's picture

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

Demo-crazy !!!

Fri, 11/09/2012 - 11:17 | 2964407 Central Wanker
Central Wanker's picture

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

Fri, 11/09/2012 - 11:18 | 2964416 CvlDobd
CvlDobd's picture

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

Fri, 11/09/2012 - 11:32 | 2964472 Kaiser Sousa
Kaiser Sousa's picture

and im CONfidebt as well...

 

 

 

 

 

 

 

 

 

 

 

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

Fri, 11/09/2012 - 11:33 | 2964473 BeetleBailey
BeetleBailey's picture

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

 

 

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

Fri, 11/09/2012 - 11:04 | 2964339 Vincent Vega
Vincent Vega's picture

Green shoots, Bitchez!

Fri, 11/09/2012 - 11:04 | 2964340 TeamDepends
TeamDepends's picture

consume consumer consumed

Fri, 11/09/2012 - 11:05 | 2964341 BurningFuld
BurningFuld's picture

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

Fri, 11/09/2012 - 11:09 | 2964357 adr
adr's picture

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

Fri, 11/09/2012 - 11:12 | 2964380 Gavrikon
Gavrikon's picture

and Latrine?

Fri, 11/09/2012 - 11:16 | 2964390 cowdiddly
cowdiddly's picture

Around here they have names like Cory Don and Thema Kay

And, that 47% estimate is a little low.

Fri, 11/09/2012 - 11:19 | 2964417 eatthebanksters
eatthebanksters's picture

Who is John Galt?

Fri, 11/09/2012 - 11:58 | 2964576 FlyoverCountryS...
FlyoverCountrySchmuck's picture

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

Fri, 11/09/2012 - 11:12 | 2964376 rubearish10
rubearish10's picture

Yeah, UofMich has been getting a lot of calls.

Fri, 11/09/2012 - 11:41 | 2964515 Hayabusa
Hayabusa's picture

You mean the same 47 million that reelected Obama right?

Fri, 11/09/2012 - 11:05 | 2964342 bnbdnb
bnbdnb's picture

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

Fri, 11/09/2012 - 11:18 | 2964415 northerngirl
northerngirl's picture

The removal of Obama may never happen.

Fri, 11/09/2012 - 11:31 | 2964468 insanelysane
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???

Fri, 11/09/2012 - 11:05 | 2964343 Lost Wages
Lost Wages's picture

Christmas is gonna be big! Wheeee!

Fri, 11/09/2012 - 12:03 | 2964593 pods
pods's picture

I want a pony!

Fri, 11/09/2012 - 14:35 | 2965296 Jena
Jena's picture

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

Fri, 11/09/2012 - 11:06 | 2964344 EscapeKey
EscapeKey's picture

Look at all this free oxygen!

Fri, 11/09/2012 - 11:09 | 2964355 HD
HD's picture

 That was funny mate.

Fri, 11/09/2012 - 11:06 | 2964345 Lendo
Lendo's picture

Do they do the polling at a Walmart?

Fri, 11/09/2012 - 11:30 | 2964464 cowdiddly
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.

Fri, 11/09/2012 - 12:26 | 2964680 Lendo
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.

Fri, 11/09/2012 - 11:08 | 2964346 GCT
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.

Fri, 11/09/2012 - 11:07 | 2964348 LongSoupLine
LongSoupLine's picture

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

 

 

 

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

Fri, 11/09/2012 - 11:20 | 2964426 eatthebanksters
eatthebanksters's picture

California teachers union...

Fri, 11/09/2012 - 11:48 | 2964538 Go Tribe
Go Tribe's picture

Likely to vote Democrats.

Fri, 11/09/2012 - 11:08 | 2964349 adr
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.

Fri, 11/09/2012 - 11:08 | 2964352 Shizzmoney
Shizzmoney's picture

Good placement of the Kool Aid guy..nice.

http://www.youtube.com/watch?v=28ML_aSHt0I

Fri, 11/09/2012 - 11:09 | 2964353 MFLTucson
MFLTucson's picture

Just ridiculos the fraud that this country is peddling!

Fri, 11/09/2012 - 11:09 | 2964356 Cole Younger
Cole Younger's picture

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

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