Consumer confidence says we are not near a top . . .

Ed Yardeni (see his post here from Apr. 3) posted the following chart about consumer confidence.  We need to see a top in the “present situation” component to become worried about a top in the economy and/or a top in the stock markets.  The red line below suggests we are no where near a top.   Jeb Terry, Sr. Apr. 4, 2011

Source: Yardeni.com

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