Consumer Confidence Jumps 10 Points…Most in 3 Years

By on April 29, 2009

Jason Goepfert, author of Sentiment’s Edge blog, reports that this has only happened three other times since April 1974. Two out of three times it was a positive sign for future market gains (+20% in the S&P 500).

SMA opinion: This time will probably be another dud since it seems likely the market will re-test the March 9th low.

Source:

http://sentimentrader.blogspot.com/2009/04/confidence-jumping.html
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