Crisis Of Confidence Remains Paramount

Last night's ABC/Washington Post consumer confidence reading hammered home a simple reality. Main Street is not buying into this fade Oil, buy stocks "Trade".

The weekly reading has been dead in the water at -49 to -50 for the last 3 weeks. This has occurred in the face of falling prices at the pump and rising stock prices. Hmmm...

It is global this time, indeed. But don't forget that Wall Street is in the midst of creating irreparable damage to Main Street's confidence.

KM