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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (42433)	9/27/2005 7:23:14 PM
From: orkrious	Read Replies (4) \| Respond to of 110194

Lance Lewis tonight has a link to an incredible Bloomberg chart (you have to be a subscriber or the link won't work). It's an overlay of Consumer Confidence with the S&P going back to 1997. There is an uncanny correlation between the two starting in early 1999, and consumer confidence is plunging. (In 1997 and 1998, consumer confidence is way above the stock market graph, but it makes sense because both were rising.) His point: plunging consumer confidence doesn't bode well for the stock market.