Today's Michigan Confidence reading of 62.6 would make April's level the lowest since March 1982 (the number still has to be revised). For those interested, below we highlight a historical chart of Michigan Confidence since 1978. As shown, sentiment in the US has taken quite a hit in recent months.
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What if things are different this time (I know, I know :), because the mainstream media are so keen for a Dem win that they have talked confidence down to the levels one sees.
Famous example is the number of 'homeless suffering' articles during Bush 41's tenure - the dried up within two weeks of Clinton taking office - can be checked on Lexis-Nexis
Posted by: EllenO | April 26, 2008 at 10:14 AM
It would be great to see this chart with the S&P 500 included.
Posted by: W_T_F | April 28, 2008 at 03:54 PM