CNN Asserting Consumer confidence may be decreasing on whether stock prices will rise over next year

[fatkat]

The CNN article discussed below discusses how just 1/3 of people polled expected stock prices to rise within the next year. Apparently in January the poll was 51%.

No discussion about the sample size or how people were polled is mentioned in the article. It is very questionable how reliable this poll might, especially for representing the views of a hegemonic power of 330 million people. Were they calling land lines? Were they going door to door? What about people with caller id, which is most cell phones?

Arguendo assuming these polls are not just completely worthless this is one of the largest swings since this poll first started happening in 1987

The article goes on to discuss when the stock market will peak for the year. It will be interesting how the economy functions for the rest of the year and what people think about it as the year continues

Source

http://money.cnn.com/2018/04/25/investing/stock-market-confidence/index.html

Comments

[whatamidoing]

Keep buying, Everything will be ok. Keep watching CNN. ;-)

[pdtrain]

yep, sounds like what they want us to think at least

[dolphin1256]

CNN Asserting Many people can buy or buy

[pdtrain]

yep not sure, hopefully the economy shapes up

[nzfxtrader]

BREAKING: #CNN is still Fake News.

[pdtrain]

yep seems like it, hopefully someday we get some decent media in murca

[harvhat]

Keep in mind The Conference Board Consumer Confidence Index Increased in April (https://www.conference-board.org/data/consumerconfidence.cfm) this is not a CNN poll or anything.

So there was one question on the poll about stocks where results more negative than January (according to CNN, the data needs to be purchases if you want those details, I assume they did that). Let's see.. the stock market is down a couple thousand from January and now consumers are more negative on it.. like surprise! This by itself means very little. Here's another take on this same consumer confidence report. https://www.marketwatch.com/story/consumer-confidence-in-april-rebounds-close-to-18-year-high-2018-04-24

[pdtrain]

thanks yea not sure how important these things are and how accurate these polls even are

[minnowhelper]

This post has received a 2.30% upvote from
For more information, click here!!!!

Try the new Minnowhelper Bots for more information here thanks to: @fatkat.

Do you know, you can also earn passive income after every bidding round simply by delegating
you can delegate by clicking following links: 10 SP, 100 SP, 500 SP, 1000 SP or Another amount your Steem Power to @minnowhelper?

Help support @minnowhelper and the bot tracker by voting for @yabapmatt for Steem witness! To vote, click the button below or go to https://steemit.com/~witnesses and find @yabapmatt in the list and click the upvote icon. Thank you.

Voting for @yabapmatt