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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (13552)2/26/2003 2:35:38 PM
From: lurqer   of 89467
 
Consumer Confidence

A lot of discussion about CC being at 10 year lows, and as a contrarian indicator this should be bullish. As this long term chart shows

ttrader.com

at the end of a P/E compression plunge (Despair), as in '74, the value will be a lot lower (or "this time will be different"). Since, we are currently on our way to Despair, I would expect many new multi-year CC lows in our future.

JMO

lurqer
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