Tuesday, May 29, 2012

CONSUMER CONFIDENCE PLUNGES IN MAY

http://finance.yahoo.com/news/consumer-confidence-plunges-may-140420821.html

And this is good for the economy how? And it was already the weakest recovery since they began tabulating this information.

But why worry, the market is up triple digit!!??  SO WHAT, as far as I know it is up because the players figure the weak data insures more FED intervention, you know same QE gambit they got my back kind of thing.....so it emboldens speculation but it sure doesn't do much for investment!

D

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