Makes Sense Being A Contrarian

“Weak consumer confidence good for stocks … huh?

I want to transition back to the macro landscape now. Let’s take a look at what has been one of the stickiest of weak indicators—consumer confidence.

As you can see in the chart below, the Conference Board’s measure of Consumer Confidence hit an all-time low in March of 2009. It has since risen, but the latest dip puts it back in extreme pessimism territory—a territory in which it’s resided less than 15% of the time.”

http://pragcap.com/low-consumer-confidence-is-good-for-stocks