Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
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.