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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (45332)	12/18/2001 6:44:52 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Agree to a point RR. However, these warnings are from large corporations & they are clearly not indicating a V shaped recovery right now, yet stock prices sure seem to have near perfection priced in. Am I missing something?

To: RR who wrote (45332)	12/18/2001 6:54:05 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

U.S. consumer confidence hits 4-yr low -poll NEW YORK, Dec 18 (Reuters) - A weekly measure of U.S. consumer confidence fell to its lowest level in four years in the latest week as Americans' ratings of their personal finances weakened, an ABC News/Money Magazine poll showed on Tuesday. ABC/Money said its Consumer Comfort Index fell to -6 in the latest week, the lowest since March 1997, from -3 the prior week The index ranges from positive 100 to negative 100. Fifty-eight percent of consumers rated their personal finances as excellent or good, down from 62 percent last week. That is down from a record high reading of 80 in January 2000. ``While it was a good deal worse in the last recession, a continued weakening of this ratings could spell trouble; its strength has helped keep consumer confidence from a complete free-fall this year,'' the report said. Meanwhile, the number of Americans who said the economy is in good shape right now was unchanged in the latest week to 37 percent. The worst ever reading was 7 percent in late 1991 and early 1992. The buying climate gauge, a measure of consumers' willingness to spend, slipped slightly to 46 percent on the week. This component has proved resilient -- it stands just 11 percentage points away from a record high of 57 percent set in January 2000. The ABC News/Money Magazine Consumer Comfort Index represents a rolling average based on telephone interviews with 1,000 adults nationwide each month. The margin of error is plus or minus three percentage points. This week's results are based on 1,031 interviews taken over four weeks ended Dec. 16. biz.yahoo.com