Opinions or things of interest to a veteran futures trader.
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.