[1]Last week we showed the cognitive dissonance [7], nurtured by a liquidity-providing Fed, that has growth this year between stocks and economic confidence. In the last week, fed by a diet of DC headlines, Gallup's economic confidence index [8] has collapsed. In fact, this is the worst 3-week plunge since Lehman - worse than during the 2011 Debt Ceiling debacle.
Gallup's Economic Confidence is collapsing...
[9]
at the fastest pace since Lehman...
[10]
Data: Gallup [8]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/11844
[3] http://www.zerohedge.com/taxonomy_vtn/term/10761
[4] http://www.zerohedge.com/taxonomy_vtn/term/12084
[5] http://www.zerohedge.com/taxonomy_vtn/term/158
[6] http://www.zerohedge.com/taxonomy_vtn/term/10959
[7] http://www.zerohedge.com/news/2013-10-02/cognitive-dissonance-chart-day-year
[8] http://www.gallup.com/poll/151550/Gallup-Daily-Economic-Confidence-Index.aspx
[9] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/10/20131008_conf2.jpg
[10] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/10/20131008_conf1.jpg