Consumer Confidence Highest Since July 2007---Bloomberg

[AzCactus]

http://www.bloomberg.com/news/2014-11-26/consumer-sentiment-in-u-s-rises-to-highest-in-seven-years-1-.html

 

The link above will take you to a brief article giving some of the reasons that consumer confidence is at its highest level in more than 7 years.  Clearly this would have been a pretty good time to sell stocks.  I was wondering if anyone else is getting the feeling that the regular Joe is starting to get a little to confident and complacent---and that now maybe a good time to proceed with EXTREME caution. 

 

David

[Liberty]

2007 is just one data point, though. I was curious to see how consumer confidence looks most of the time, including in the early days of long bull markets.

 

Found this page that uses data from the Thomson Reuters/University of Michigan consumer confidence survey (which is the same one cited by Bloomberg):

 

http://www.tradingeconomics.com/united-states/consumer-confidence

 

Here's the graph from 1952 to today:

 

http://i.imgur.com/HCOXeGH.png