Oil Down… Sentiment Up… Stocks Up… Duh

Posted: August 31, 2010 in Technology and Business
The price of oil came down in August.
 
Consumer sentiment went up… apparently to some economists’ surprise.
 
     "The Conference Board said Tuesday that its Consumer Confidence Index improved slightly to 53.5, up from a revised 51.0 in July. Economists surveyed by Thomson Reuters had expected 50.5.
 
Obviously, I think there’s a correlation.
 

     The improvement, which came after two straight months of declines, caused stocks to reverse their losses and move into positive territory."

Obviously, I think there’s a correlation there, too.

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