RE: RE: breaking out today?BMO shares may or may not be undervalued and if somebody says so then that is merely an opinion and not a statement of fact. Therefore one should really not call such an opinion ignorant but rather call it optimistic. If anything is lacking in an ecconomy that's at a standstill or dragging it's feet it is optimism and that is pretty much the equivalent to lack of confidence, consumer confidence that is.
I do believe that there is no lack of money in the country(hey, we couldn't possibly have spent it all on knick-knacks from China), however, there certainly is a lack of consumer confidence when the goods are staying on the shelves.
Being cautious with ones' investment or spending is one thing, but to try to paint everything that is happening black and dreary and to drag examples to the fore that are irrelevant for most consumers is not what we need at present. It is not the people who have lost their job or their house who keep the ecconomy rolling, it is the other 90% of the population, and all they need is confidence and not the proclamations of gloomers and doomers.