Is A Gambling Public About To Lose A Ton Of Money Again?
Is A Gambling Public About To Lose A Ton Of Money Again? – King World News
In the aftermath of some volatile trading in global markets, is a gambling public about to lose a ton of money again?
From Jason Goepfert at SentimenTrader: Confidence is nearing all-time highs. In both the Conference Board and University of Michigan surveys of consumer confidence, the readings for March were near the top 90% of all readings since the 1960s.
CONSUMER SURVEYS NEAR ALL-TIME HIGHS
More troubling is consumers’ attitudes toward stocks. An overwhelming majority are looking for higher stock prices, which has led to mediocre returns in stocks (see chart below).
CONSUMERS’ EXPECTATIONS FOR A BULL MARKET ARE NEAR ALL-TIME HIGHS
What’s also notable is that while consumers are exceptionally optimistic about stocks, they are feeling the opposite toward bonds…