Consumer Confidence and Bottoms

I was going to do the work on this one, but wisely I checked Barry Ritholtz first.  He’s on top of things today, which is why I supposed he is the man!  My chart with a link to his annotated chart, a table and comments below.  Long story short, is that many players probably saw today’s abysmal consumer confidence number as a bottom.

CB Consumer Confidence 1967-2008

CB Consumer Confidence 1967-2008

Consumer Confidence Plunges to Record Low by Barry Ritholtz

Sources:
Chart by Bloomberg

Consumer Confidence Plunges to Record Low
Barry Ritholtz, The Big Picture, October 28, 2008
http://bigpicture.typepad.com/comments/2008/10/consumer-confid.html

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