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Friday, April 25, 2008

Consumer sentiment plunges again

Consumer sentiment plunges again! The sentiment plunged to 62.6 in April. That is the lowest level in 26 years. But I guess if you listen to the Wall Street analysts, this is good news becuase it's a contrarian indicator. Each month, they will keep telling us this means bottom.

The tax rebates are going out early. But most are planning to repay the debt rather than spend them.

http://www.marketwatch.com/news/story/us-consumer-sentiment-sinks-26-year/story.aspx?guid=%7B8AC586E6%2D92A8%2D465E%2D9644%2D377B04EBC163%7D

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