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Consumer Confidence Plunges, Biggest Miss Since Jan 2012

Submitted by Tyler Durden on 09/30/2014 10:12 -0400

Despite stock indices hitting record highs (apart from small caps and 50% of individual stocks down notably), The Conference Board's Consumer Confidence narrowed its divergence with UMich confidence and tumbled to 86.0 (missing expectations of 92.5). This is the biggest miss since Jan 2012. The gap between the confidence of rich and poor increased but the gap between economic confidence and consumer confidence narrowed.

Confidence missed by the most since Jan 2012...

Narrowing its gap to UMich confidence...

But the QE inspired confidence is beginning to catch down to the reality of the economic confidence

Charts:Bloomberg

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Tue, 09/30/2014 - 10:14 | 5270624 NotApplicable

Well of course it plunged, we live in a world of ISIS Ebola!

Tue, 09/30/2014 - 10:14 | 5270626 Bernoulli

http://www.businessweek.com/news/2014-09-30/consumer-confidence-index-in...

"The median forecast in a Bloomberg survey called for a reading of 92.5. Estimates of 75 economists ranged from 88.7 to 95".

--> fire all those 75 people please! NOW!!

Tue, 09/30/2014 - 10:16 | 5270627 Cognitive Dissonance

The Confidence Con is fading. More power Scotty Yellen. I need moar power.

<In reality the Con is alive and well considering how much attention is paid to the Con.>

Tue, 09/30/2014 - 12:03 | 5270661 g'kar

I feel another speech coming. 3.2.1.....Live, from the Ebola Gay, er Air Farce 1, on his way to another round of golf.

Tue, 09/30/2014 - 14:13 | 5271465 edifice

So many birds were killed with that stone. Thank you, sir, for the laugh.

Tue, 09/30/2014 - 15:57 | 5271939 g'kar

LOL

Tue, 09/30/2014 - 10:24 | 5270669 Caveman93

What the fuck is a "consumer"? Is that like a parasitic worm or something?

Tue, 09/30/2014 - 11:35 | 5270941 Consuelo

That's a great observation. My old man used to HATE seeing that word used to describe the 'buying public'. Myself - I always imagined the term 'consumer' as a sort of 'Pac Man' object - scurrying around 'consuming' everything in its path, but 'Creating' Nothing...

Tue, 09/30/2014 - 13:51 | 5271386 Caveman93

They produce ...excrement maybe? Yeah, that's about it. You're old man was wise.

Tue, 09/30/2014 - 10:27 | 5270675 jubber

VISA saves the Dow from plunging

Tue, 09/30/2014 - 10:30 | 5270684 world_debt_slave

Downtown

https://www.youtube.com/watch?v=Zx06XNfDvk0

Tue, 09/30/2014 - 10:39 | 5270711 Saratoga

Wasn't it like five minutes ago consumer confidence was up?

Tue, 09/30/2014 - 10:39 | 5270712 Callz d Ballz

Little early for the snow is flying excuse.

Tue, 09/30/2014 - 10:51 | 5270759 Doubleguns

Leaves....leaves are flying. Can't see a damn thing!!

Tue, 09/30/2014 - 10:44 | 5270724 StackShinyStuff

I was wondering why the stock bounce. No I wasn't.

Tue, 09/30/2014 - 10:44 | 5270733 Smegley Wanxalot

I think it was the snowy summer ...

Tue, 09/30/2014 - 14:00 | 5271421 KnuckleDragger-X

It rained all day the night I left

the weather it was dry....

Tue, 09/30/2014 - 10:55 | 5270774 Government need...

Government needs you to pay taxes's picture

With erection, I mean election season upon us, it is time to exhort the free shit army to (gently) drop their free phones, stash their free 'medicinal marijuana', and pause in their EBT-fuelled consumption in order to head to the polls. Diebold can't do this alone.

Tue, 09/30/2014 - 14:04 | 5271432 KnuckleDragger-X

Replace the election with the thunder dome, more entertaining and the results wouldn't be any worse and quite possibly better.

Tue, 09/30/2014 - 11:09 | 5270831 venturen

peak insanity....85-95% confidence...we need more Ectasy! We need 100% confidence.

Consumer Confidence Plunges, Biggest Miss Since Jan 2012

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