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Consumer Confidence Tumbles, Misses By Most In 5 Years
Stunned... Despite soaring stock prices and low gas prices, Consumer Confidence tumbled to 95.2 (against expectations of a jump to 102.2) to its lowest sicne 2014. This is the biggest miss since June 2010. We are going to need more oil price deflation and stock price reflation (and less looting). New England and West South Central Regions saw the biggest plunge in confidence and despite the plunge in current situation, future expectations (aka "hope") jumped from 90 to 96.
Charts: Bloomberg
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Low T
Lowest T since Lehman.
You look at that long term chart and tell me we're not about to bust out to all new highs driven by a renaissance in consumer spending. You KNOW that's what's going on, so everyone stop being such a Negative Nancy. The United States is BACK, baby!
Lay off the N2O for a while... OK..
"...a renaissance in consumer spending."
That is precious. Definitely something that posterity will look back upon with (fondness)...?
'Yeah son, it was a time when Americans pulled together, put aside their differences and spent money they didn't have on things they didn't need. A time of true sacrifice it was, but Americans always come through when they need to'...
You forgot the part about "to impress people we don't even like". Otherwise, flawless. I'm glad you're down for the spending orgy like the rest of us are.
"spent money they didn't have on things they didn't need." Fueled by borrowing on home equity gains that were fueled by a decade of easy money.
Those were the days!
So regretting not nibbling on uvxy on Friday in the nine handle!
whatever, just a brief blip. onward and upward with peak TV Soma.
OT: Iranians seized US vessel?
Not sure how a made up number fails to beat? All part of the plan?
BTFD....this whats i's bin tolds. I's stoopid.
Stoopid enough to sleep in late yesterday! I so could have nibble on some nine handle uvxy. I didn't have any nine handles! I wanted some nine handles uvxy! OOOOH pooo!! I could have had 2600 with one a nine handle!!!!!!! Oh well should have could have would have... At least it was there to have been had.... I mean it's less than a dollar of my lowest our heshe of uvxy.... I should just chill.... I mean I have them from 14 down to low 10's but... But but but but....
U know I am still hoping for a seven handle.... MAYBE I will get it but... I think I just missed that nine handle blip!
No, we'll LOTS more looting! That'll help to get the manufacturers producing more! Thanks be to the Naggers!
Breaking
http://www.bloomberg.com/news/articles/2015-04-28/iranian-forces-seize-u...
Archduke Ferdinand moment?
If consumers aren't the ones that pay for medical expenses then I'm not one of them.
Consumer confidence is usually very lagging so......
The markets held up thus far.
Guess the s&p has got 1725-75 there abouts to consider... That's a long way down on the s&p. But that's what I'm seeing in the charts...as of now and who knows what they will say as s&p heads lower.
Looks like the recovery is picking up steam. Be sure to hold your breath on the Federal Reserves rate hike!
Got my large sacks of beans and rice last month. Critter hunting has been good and so has the fishing. I plan to buy NOTHING SOON
You mean we aren't at 105% confident yet?