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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (109759)	10/6/2002 3:52:59 PM
From: Rocket Red	Respond to of 150070

Washington, Oct. 6 (Bloomberg) -- Spending at U.S. retailers declined in September and consumer optimism soured early this month, signs the economy's biggest source of strength may be starting to fade, reports this week are likely to show. Retail sales probably fell 1.1 percent in September, the first decrease in four months, the Commerce Department will report Friday, based on the median of 44 forecasts in a Bloomberg News survey. The University of Michigan will probably report the same day that its consumer sentiment index fell this month to 85.2, the weakest since November, the survey showed. ``Christmas 2002 is likely to be more blue than white,'' said Joseph Abate, a senior economist at Lehman Brothers Inc. in New York. ``The labor market remains stubbornly weak, stock prices are falling again, and the looming prospect of war with Iraq is damping consumer spirits.''