Do you think consumer confidence will tank the stock market . . .?
I'm a bit worried about the timing of consumer panic (holiday retail) . . .
Public Comments
- Consumer confidence is very high and barring unforeseen geopolitical problems will stay high. 401k money continues to pour into the market. Despite some incredible greed from the financial sector, the markets are stable and strong. It is always possible to run into the lethargy of 2000 where the world held its breathe waiting for a new President, but that would be more likely to happen next year. If Iran makes nuclear breakthroughs or Israel has new problems in its neighborhood, expect the market to react but panic and tanking markets are still improbable.
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