Tuesday, May 26, 2009

Consumer Confidence Nonsense

Consumer confidence was reported as up making the S%P 500 (SPDR) as well as retail stocks and the EFT XTR rise in trading. The really confused guys are the senior officers of retail stores who were faced with huge declines in revenues. Can this consumer confidence index be trusted when the real behaviour such as cash coming out of a consumer's pocket is in serious decline.