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To: the Chief who wrote (58077)	10/11/2002 9:51:34 AM
From: the Chief	Read Replies (2) \| Respond to of 62347

Consumer confidence fell again last month. retail sales were down 1.2% every indication that the consummer is slowing on spending, but the market rallies. This may not be sustainable,,,,but who cares...money to be made long at the moment.

To: the Chief who wrote (58077)	10/11/2002 11:21:37 AM
From: Cal Gary	Respond to of 62347

Hi Chief LOL with verbs <<Retail Sales Plunge by 1.2 Percent By JEANNINE AVERSA 10/11/2002 07:37:10 EST WASHINGTON (AP)_ Consumers - the lifeblood of the economy - sharply cut back on their spending in September, driving down sales at the nation's retailers by 1.2 percent, the largest drop in 10 months. The Commerce Department's report Friday sent a trouble sign for the struggling economic recovery, raising new questions about consumers' willingness to spend in the months ahead, including the holiday shopping season. Consumers, whose spending accounts for two-thirds of all economic activity in the United States, have been the main source of power for the economy and their behavior will shape the recovery. The pullback in September reflected consumers' skittishness about a possible war with Iraq, the rollercoaster stock market and a sluggish jobs market, economists say. The 1.2 percent decline in retail sales in September - the largest drop since November_ followed a solid 0.6 percent rise in August. September's sales decline was roughly twice as big as many analysts were forecasting.>> So becareful out there!