You are probably wondering, is there an index that measures consumer optimism and pessimism? The answer is yes. It is the Investor's Business Daily and TechnoMetrica Market Intelligence or IBD/TIPP.Their Optimism Index slipped to 46.8 in December, from 47.9 in November. Readings above 50 indicate optimism, while those below 50 indicated pessimism.
The index is now 3.2 points below its 12 month average of 48 and 2.4 points above its reading of 44.4 in December 2007, when the recession began.
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