Consumer confidence hits low--so lets buy stock and sell gold!

[Fox McCloud]

Consumer confidence hits all-time low in Dec.
Dismal job market outweighs declining gas prices to consumers

Consumer confidence hit an all-time low in December, dropping unexpectedly in the face of rising layoffs, in yet another sign that consumer spending is unlikely to pull the U.S. out of a yearlong recession any time soon.

Consumers have been nervous about spending for months — putting off big-ticket purchases, forgoing new clothes and choosing store brands at the grocery store — all of which may make this the worst holiday season for retailers in decades.

The Consumer Confidence Index measured by the Conference Board, a private research group, fell to 38 in December from a revised 44.7 in November. That is its lowest point since the group began compiling the index in 1967, and below the previous low of 38.8 in October. Economists surveyed by Thomson Reuters had expected the index to rise incrementally to 45.

http://www.msnbc.msn.com/id/28434238


http://www.kitco.com/market/

Market is up, and gold is down, even with this news...the world makes a ton of sense...yup...so logical and sensical...

[lodge939]

the market is up cuz the Feds gave GMAC 6 billion

[Josh_LA]

I always learned, to do the opposite of what most people do.