Tuesday, May 26, 2009

CONSUMER CONFIDENCE SOARS ON BEAR MARKET RALLY.

THIS IS SIMPLY THE CONSUMER ACTING LIKE A 2 YEAR OLD...WHO'S JUST BEEN GIVEN SOME CANDY BY WALL STREET...

A TEMPORARY BUMP BASED ON MASSIVE MONEY PRINTING AND THE RESULTING BEAR MARKET RALLY...

CONSUMER CONFIDENCE HAS A HISTORY OF ACTING LIKE A VERY SHORT TERM "HAPPY METER"...A SNAPSHOT OF TEMPORARY GLOOM OR JOY...BASED SOLELY ON HEADLINES AND TOUT TV HYPE.

BUT ACTION AT THE GAS PUMP SHOULD SOBER CONSUMERS UP LATER THIS MONTH...

ALSO PEOPLE ARE MORE CONFIDENT NOW THAT FOX NEWS AND RUSH/HANNITY ETAL WILL NOT SET THE AGENDA ...

AND THAT OBAMA IS WEATHERING THE STORM FROM AM HATE RADIO, TOUT TV AND THE FOX "HATE OBAMA" AGENDA.

INDEED THE FOX NEWS TYPES SEEM TO BE DEGENERATING INTO A KIND OF POLITICAL INSANITY THAT TOTALLY DISQUALIFIES THEM FROM SET THE AGENDA ANY TIME SOON...

DOW SHOULD RALLY 300 POINTS ON THIS DATA POINT...