Tuesday, June 24, 2008

Bespoke on Consumer Confidence

Bespoke posted this chart and comments today. The point of course being that confidence this low has a shistory of providing positive returns over the next year. I have been looking for a good hard selloff to uy some stock mush as I did in January and March during the panic sell offs that were obviously emotional exhaustion points. But so far I just cannot pull the trigger because the angst doesn't seem to be the same as those previous lows.

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