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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject10/29/2002 11:31:50 AM
From: Duke-N-Duke  Read Replies (1) of 436258
 
Briefing.con - poor economy caused by sniper

10:55AM More consumer theorizing : Two more thoughts on the October confidence plunge: first, the October stock rally began on Oct 10, more than half-way through the survey period which ends on the 18th, so the rally probably didn't help the Oct numbers. Second, the sniper shootings probably hurt this reading as well. That may sound like a stretch, but it's supported by the regional breakdown of the numbers, with the Middle Atlantic region seeing by far the biggest plunge in confidence: -24% vs the avg regional reading of -13%. To the extent these theories are correct, they would support a forecast of a healthy confidence rebound next month.
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