Why You Should Pay Attention to the Consumer Confidence Indicator
Interesting isn’t it how investor sentiment and consumer confidence can change and move the markets? Think back for a minute: How you were feeling about the markets last October through December? Sentiment was grim, wasn’t it? I recall Dr. DiLiddo writing about how “persistent pessimism” had driven the markets into a freefall even while corporate earnings and other economic indicators were performing reasonably well. He was right on the money, as usual.