4 Confidence Charts – October 2010

Here are four charts reflecting confidence survey readings.  These are from the SentimenTrader.com site.

I find these charts valuable as they provide a long-term history of each survey, which is rare.

Each survey chart is plotted in blue, below the S&P500:

(click on each chart to enlarge image)

Conference Board Consumer Confidence, last updated 9-28-10:

University of Michigan Consumer Confidence, last updated 10-15-10:

ABC News Consumer Comfort Index, last updated 10-7-10:

NFIB Small Business Optimism, last updated 10-21-10:

As one can see, these charts continue to show subdued readings, especially when viewed from a long-term perspective.

These charts should be interesting to monitor going forward.  Although I don’t believe that confidence surveys should be overemphasized, they do help to delineate how the economic environment is being perceived.

A Special Note concerning our economic situation is found here

SPX at 1180.26 as this post is written