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	<title>Back Seat Marketers &#187; consumer confidence</title>
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		<title>Can Public Sentiment be Gamed?</title>
		<link>http://backseatmarketers.com/2010/05/08/can-public-sentiment-be-gamed-2/</link>
		<comments>http://backseatmarketers.com/2010/05/08/can-public-sentiment-be-gamed-2/#comments</comments>
		<pubDate>Sat, 08 May 2010 20:35:42 +0000</pubDate>
		<dc:creator>cory</dc:creator>
				<category><![CDATA[consumer confidence]]></category>
		<category><![CDATA[stock market]]></category>

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		<description><![CDATA[So the market drop on Thursday is being considered the result of an accident. Many folks had enjoyed the recent stock market which had moved us a lot further along in feeling like the economy is coming back. But then one uncertainty sends our fragile mindset into a tailspin. The day after the drop, the [...]]]></description>
			<content:encoded><![CDATA[<p>So the market drop on Thursday is being considered the result of <a href="http://bit.ly/959nKm">an accident</a>. Many folks had enjoyed the recent stock market which had moved us a lot further along in feeling like the economy is coming back. But then one uncertainty sends our fragile mindset into a tailspin. The day after the drop, the S&#038;P 500 went down even more&#8230;<br />
<a href="http://backseatmarketers.com/wordpress-BSM/wp-content/uploads/2010/05/S+P500_5-6-2010.jpg"><img class="alignnone size-medium wp-image-127" title="S+P500_5-6-2010" src="http://backseatmarketers.com/wordpress-BSM/wp-content/uploads/2010/05/S+P500_5-6-2010-300x159.jpg" alt="" width="300" height="159" /></a></p>
<p>What&#8217;s even worse is that we even had some pretty <a href="http://www.nytimes.com/2010/05/08/business/economy/08jobs.html?ref=business">good news on the jobs front</a> come out yesterday. No matter, we&#8217;re already swayed.</p>
<p>Have to wonder if any highly capitalized hedge funds realize they may be able to move the market now. Volatility and fear never make for good growth.</p>
<p>Update: I guess $1 Trillion in a bailout from the EU gets us closer.</p>
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