Economic confidence

[The Duke]

I know I've been knocking Rasmussen these last few days, because his polls don't track with other polls much of the time.  However, he does an economic confidence survey that I still find very interesting.

He tracks both consumer and investor confidence in the market.  His baseline number is 100, and that number represents the level at which we were felling confidence in the economy right after 9/11.

Right now, the consumer confidence level is at 109, just barely better than after 9/11.  However, the INVESTOR index shows investors at a confidence level of 134, much higher than they were right after 9/11, when we were still basically in recession.

Consumers, 109.  Investors, 134.  I say this is more evidnece that most poeple have no concept of when the economy is doing well and when it isn't.  Investors seem to have a better idea of good and bad, and thus are less easily shaken by events not directly related to the economy like Abu Ghraib.

[Smash255]

I'm not sure if I agree that much with your observations.  As you said the base was right after 9/11 & it although both investors & consumer confidence was hit hard after 9/11,  investors confidence was hit even harder.  So while investor confidence level is higher in the survey its base is coming from a lower spot