Monday, June 16, 2008

Feeling a bit better now... I guess... (sniffle)...


... now that it appears that US consumer sentiment is NOT at the lowest levels seen in the last 30 years.

I tried charting it over 10 years (Bloomberg defaulted at 5yrs) then 15, then 20. Skipped 25 and went to 30 to finally get the previous low reading.

(And this is during the tax rebate check period, isn't it?)

So now that's OK then. Hence +1.5% for the S&P500 (and up over 2% for NASDAQ) on Friday, perhaps?

(Or maybe short covering ahead of the weekend... ahhh... so...)
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