The consumer confidence number is simply the public responding to the massive run up in stocks since July... And the lack of really bad news in the headlines...MAINLY because of our "managed markets" on Wall Street.
Any return to reality based markets will bring down the confidence numbers... And the notion that the FED is going to be lowering rates anytime soon is nonsense...
The FED has to watch the Dollar and it's relationship to oil and gold...and that is NOT going to indicate a lowering of rates in 2007... In fact, as the unfunded wars drag on and the house bubble deflates...the FED could be forced to watch the markets decline...and be unable to respond because of the dollar/oil/gold dilemma...
THIS HAS BEEN A MARKET THAT CAN "MAKE IT'S OWN GRAVY" FOR SOME TIME NOW...AT LEAST SINCE JULY...
I SERIOUSLY DON'T SEE ANY ROOM FOR A "JANUARY EFFECT" OR ANY OF THE OTHER NONSENSE THAT THE MARKET SHILLS USE TO GET THE SUCKERS TO FLOCK AFTER THE FIRST OF THE YEAR...
