Oct

30

One notes the consumer confidence was 94.5% with an October 15th cutoff date by Nielsen. Usually it's 100% correlated with the stock market. One would hypothesize that they use questionnaires and that the real date of response was October 8 when it was at a maximorum. For some reason the number was very bearish for bonds– for a second or two. Another example of an ephemeral number leading to non-skillful or noise traders contributing to the firmament.


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