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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3740)	4/16/2001 11:30:12 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33421

>>While a decline was expected and the severity is in line with the last six months, the simple fact that the consumer continues to see a darker outlook says a great deal about the spending and growth outlook. The overall index fell to 87.8. Declines were seen in both components as expectations returned to the 80.8 low of February and the present situation fell 4.7 points as layoffs and the trend direction in equity prices provide the downward direction. The continued downward trend in consumer sentiment is a key guide toward Fed policy direction and with the decline in retail sales and PPI an intermeeting ease remains a possibility (or certainly should be Alan). Hi John, Mr. Greenspan was overly concerned about the "wealth effect" creating inflation (what's that again?). Funny how that didn't seem to materialize, yet the reverse wealth effect is doing a pretty good job of sending the economy into recession. Let's see him ease his way out of that.