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Consumer Confidence Plunges - A Buy Signal

 May 28, 2008 01:23 PM UTC
Return Risk
-3.97% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
DIA Positive 05/28/08 -17.29% --
SPY Positive 05/28/08 -20.05% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Falling consumer confidence tends to lead to a falling stock market, but once it is "low", it tends to signal a buy opportunity. Take a look at the 30 year history of the Consumer Confidence Index. You will see that yesterday's print of 57.2 is the lowest level since the early 90s and represents a decline of over 42% from a year ago.



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