http://norunnyeggs.com/2009/03/confluence/ The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think. Tue, 16 Mar 2010 13:10:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://norunnyeggs.com/2009/03/confluence/comment-page-1/#comment-37129 Shoebox Mon, 09 Mar 2009 21:48:54 +0000 http://norunnyeggs.com/?p=5089#comment-37129 Can't disagree Dad. What I read into this is that contrary to Obama's notion that his actions are some how separate from what is happening in the market, investors are looking at what he is doing, deciding they have no confidence (the result) and are projecting that into the future. Of course, optimism works the same way. People will evaluate their view of circumstances and project that into the future as well. Can’t disagree Dad. What I read into this is that contrary to Obama’s notion that his actions are some how separate from what is happening in the market, investors are looking at what he is doing, deciding they have no confidence (the result) and are projecting that into the future. Of course, optimism works the same way. People will evaluate their view of circumstances and project that into the future as well.

]]> http://norunnyeggs.com/2009/03/confluence/comment-page-1/#comment-37128 dad29 Mon, 09 Mar 2009 21:43:19 +0000 http://norunnyeggs.com/?p=5089#comment-37128 As Ritholtz points out, "confidence" is a symptom, not a cause. While the confidence numbers support a conclusion that Obama is bad for everyone's future, "Confidence" or the lack thereof follows economic signals--they do not precede them. As Ritholtz points out, “confidence” is a symptom, not a cause. While the confidence numbers support a conclusion that Obama is bad for everyone’s future, “Confidence” or the lack thereof follows economic signals–they do not precede them.

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