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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Lee Lichterman III who wrote (26620)	12/28/2001 10:17:53 AM
From: Terry Whitman	Read Replies (1) of 52237

Thanks Lee. CC may have changed trend- >Friday December 28, 10:01 am Eastern Time Consumer Confidence Rose in December NEW YORK (Reuters) - U.S. consumer confidence rose for the first time in six months in December as Americans wound down a grim year of war and recession with hopes for an economic rebound in 2002. The Conference Board, a New York-based private research group, said its index of consumer confidence surged to 93.7 in December and revised up its November reading to 84.9 from a seven-year low of 82.2. The index is compiled from a survey of 5,000 U.S. households ``The deterioration in economic conditions appears to be reaching a plateau, let by a stabilizing employment scenario,'' said Lynn Franco, director of the Conference Board's Consumer Research Center. ``Consumers' short-term optimism is no longer at recession levels, and the upward trend signals that the economy may be close to bottoming out and that a rebound by mid-2002 is likely,'' she said. The Conference Board's Present Situation Index, which measures Americans' views of the economy right now, edged up to 96.9 in December from 96.2 in November. But optimism better times lie ahead in the coming six months helped propel the Expectations Index to 91.5 from 77.3 in November. <

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