In your interest.
Online Personal Finance Magazine
No beating about the bush.
Consumer confidence in the US is at its lowest level in 16 years. Surely, it is a terrible time to buy stocks when consumers are so pessimistic. The media usually believes so and propagates this unhesitatingly – “Consumer confidence plunged, causing stocks to fall...” It sounds logical. Maybe, but it is not true. Markets do rather well when the sentiment is truly downbeat.
The fact is:...