Sometimes, I just don't get it.

Unless it turns out that I actually am surrounded by morons.

Hopeful signs that the worst may be over for the economy boosted Americans' moods in April, sending a closely watched barometer of sentiment to the highest level since November.

These so-called "signs" remain a mystery to me.  Must be that my unicorn is still on back-order.

The New York-based Conference Board said Tuesday that its Consumer Confidence Index rose more than 12 points to 39.2, up from a revised 26.9 in March. The reading marks the highest level since November's 44.7 and well surpasses economists' expectations for 29.5.

So with all this "Hope" and "Change" flying around "economists" only expected a 10% increase in March's dismal confidence rating?  Something just doesn't add up.

The huge jump in confidence follows a small increase in March, following a freefall in February. Still, the index remains well below year-ago levels of 62.8.

Ah, so 100-days into the Age of Hopenchange and consumer confidence is still only about half what it was at the very death agony of the Era of Chimpy McBushitler.

Color me unimpressed.

This smells of precisely what the stock market is going through right now - a dead-cat bounce.

Posted by: DocJ at 09:49 AM | No Comments | Add Comment
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