LOL, at the KneeJerk reaction today on Consumer confidence "Lagging Indicator"
Stocks fall today on Consumer confidence because of Feb. numbers declining vs. Jan.
Of course consumer confidence fell in Feb. didn't anyone notice stocks fell about -10% in the last 5 weeks? Whenever stocks fall consumer confidence falls.
Its a lagging indicator thats worth a grain of salt.
Stocks Retreat After Sharp Drop in Consumer Confidence- AP
A sharp drop in consumer confidence is sending stocks lower as well. The Conference Board says Tuesday its consumer confidence index has fallen to 46 in February from 56.5 last month.