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Sometimes despite knowing of the historical precedents that illustrate that public masses are easily deceived at times regarding massive lies, I still have a difficult time comprehending how any intelligent person can possibly buy into the statement of Goldman Sachs's chairwoman of the investment policy committee, Abby Cohen, that, "We do think the new bull market has begun." Given that global stock market behavior seems to reflect so well the Consumer Confidence Index with particularly close correlation between the US Conference Board CCI and the behavior of the US S&P 500 index, perhaps the CCI should be renamed the Consumer Gullibility Index.
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