IMO "the population in general" doesn't give a tinker's dam about "The Market" or "The Street." They don't read WSJ or other financial reports. They are too busy trying to keep their jobs, a roof over their heads, food on the table, and gas in the car to get to work to make the money to provide those necessities.
I couldn't agree with you more and it's rare we would not be on the same page.
Sorry my sweet, when I say "general population" I'm referring to the general population of investors - who have a huge supply of money - waiting for the opportune moment.
Their only concern about "The Market" is how the financials and oils (with the help of the FED and the government) have manipulated the economy into the current situation at their expense.
That sounds like a memo on my desk. I have to wonder if you work in the same building....humm...I may need to keep things locked up a little better.
If sentiment is upbeat, it's because they got a few extra bucks from the "stimulus" and gasoline dropped a few pennies.
That is the MAJOR PROBLEM from my perspective - I would have made sure that the Gas Prices more coincided with Previous Oil Prices. So we should have seen at least a .50 cent reduction in gas by this time. Then that should have held for awhile.
Smart of BA to spread those checks out over 4 months instead of sending them out all at once, gotta give them credit for that. It just might make the "consumer confidence" numbers look upbeat in the headlines.