Do Confidence Gains Mean More Market Gains?
From The Guru Investor
November 28, 2012 - 2:30pm
Consumer confidence remains tepid but has been rising, recently hitting its highest level in four years. Is that good news for stocks? MarketWatch’s Mark Hulbert says no. Hulbert analyzed three decades worth of confidence data and stock returns, and found that the biggest monthly jumps in confidence tended to be followed by sub-par stock returns, [...]
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