"... The consumer made up 67% of the economy because of misplace...

"... The consumer made up 67% of the economy because of misplace priorities and misplaced confidence. There probably should be a reading on consumer incompetence. It tends to fortell of impending disaster. People working at McDonalds carrying a Coach purse. People who live in a trailer park driving a Mercedes. People who have granite countertops installed in their house thinking they'll make money by doing so. People who buy a house they can't possibly afford thinking they'll sell it at a profit before they have to start making full payments on it. These things spell disaster for the ecomomy, and it takes a while to work them off.

This is a suckers rally from the May consumer confidence reading. Remember September. It wasn't pretty what followed the last time the confidence was this high."

Full article "Misplaced confidence...again" at
http://caps.fool.com/blogs/viewpost.aspx?bpid=200633&t=02006962523130828567

My comment:
While the writer correctly suggests we should have a "consumer incompetence" reading maybe we should also have a Dow suckers' rally reading? It would be quite interesting, wouldn't it?