Hi Dantheman62,
This article doesn't cut it for me. It's too ambiguous. Who is the research group? How much higher went consumer confidence? Which part of the economy was stronger (housing, cars, electro-domestics etc.).
Do you remember the interview between Jon Stewart and Jim Cramer? The interview has been removed by Youtube, but can be seen at the following link:
http://www.thedailyshow.com/video/in...ited-interview
Basically what Cramer said was that the market is rigged by the short sellers by creating rumours to try and manipulate the market, just as the article does.
Best regards,
Steve
Quote:
Originally Posted by Dantheman62
NEW YORK (AP) -- Consumers are getting more confident about the economy, and Wall Street is tagging along.
Stocks surged Tuesday, posting their first big win in a week after a research group said consumer sentiment rose in May to the highest level since September. Major stock indicators jumped more than 2 percent, including the Dow Jones industrial average, which added 196 points....
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