Investors Business Daily, which is a stock market publication (similar to the Wall Street Journal), just released their consumer confidence numbers for the first part of March...February's index reading showed investors were optimistic about stocks and the direction of the economy. The first March numbers show investors have become more PESSIMISTIC since February. Why? Ummm...the dramatic increase in the price of Gasoline! As I've mentioned, if we don't see the price of gas come down soon, it will serve as a tax on the American consumer and could hamper our economic growth (and stock prices).
Watch this closely
