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Archive for January 4th, 2009

Buying Bad News

without comments

6a00d8349edae969e2010536a524c5970c-800wiHere is a list provided by Bespoke showing the reaction to the worst consumer confidence numbers. 75% of the time if the actual number is more than 5 points below consensus expectations, its a buy. the negative days have never exceeded 1%. those are decent odds. you could almost buy it blindly with a 1% stop. something to look for in the coming year as it is quite possible this happens again.

Written by ryanromero

January 4, 2009 at 10:45