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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Dave Gore who wrote (5401)2/27/2001 4:15:54 PM
From: ColtonGang  Read Replies (4) of 6445
 
Cut rates,AG...the consumer is in a coma.....GRIM OUTLOOK
The Conference Board reported that its Consumer Confidence Index dropped to 106.8, down from 115.7 in January. It marked the fifth consecutive drop in the monthly index, which fell to its lowest point since June 1996.
“The erosion in consumer confidence continues to be fueled by weakening expectations regarding business and employment conditions,” said Lynn Franco, director of the Conference Board’s Consumer Research Center.
But the economy continues to walk a tightrope, avoiding a plunge into recession, Franco added.
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“While the short-term outlook continues to signal a severe economic downturn, consumers’ appraisal of current economic conditions suggests we are still undergoing moderate economic growth and not a recession,” she said
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