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Too little confidence from consumers, Too much confidence in Tiger Woods
Good day for pessimists, bad day for jumping to conclusions
 

Good day for: Pessimists, as stocks took their sharpest dive in six weeks on Monday on new worries about the economy. The slide began on Friday when bad consumer confidence numbers were released, as analysts warned that even with the housing market showing signs of stabilizing the economy can't recover without steady spending be consumers. (Associated Press)

Bad day for: Jumping to conclusions, after an Irish bookmaker paid out about $2 million to 5,000 people who bet on Tiger Woods to win the PGA Championship as the world No. 1 golfer entered the last round with a comfortable lead. Woods, who had never blown a lead in the final 18 holes of a major tournament, finished five strokes behind South Korean golfer Y.E. Yang. (Agence France Presse)

 

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