An Introduction

Hi. Welcome to BourGroup and my blog. Phil

Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.

I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.

"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.

Wednesday, October 10, 2007

Consumer Expectations Index- what does it mean?


So a recent moneynews.com e-mail says that this graph is evidence that when this Consumer Expectations Index goes down, so goes the stock market. Hmmm... Is that true? Look at the trend from 1984 through 1988 and you see that the index goes from a high near 99 to a low of 70. What did the S&P 500 do? Went up from a low of about 200 to about 500. And the real point of all of this is that the long-term trend is up. Would we ever see the S&P 500 at 200 again?
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