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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (47880)	9/30/2003 10:15:54 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 57110

again i wonder,"at what point does a lagging lagging indicator become a drag" perhaps when it dampens consumer confidence? <g> 10:00am 09/30/03 Consumer confidence falls sharply in Sept By Greg Robb WASHINGTON (CBS.MW) -- The consumer confidence index fell to 76.8 in September from a revised 81.7 in August, the Conference Board reported Tuesday. This is the lowest level of confidence since March. The sharp decline was unexpected. The consensus forecast of Wall Street economists was for consumer confidence to slip to 80.7 in September. "The lack of improvement in labor market conditions continues to dampen consumers' spirits," said Lynn Franco, director of the Conference Board's consumer research center. The expectations index fell to 88.4 in September from 94.9, while the present situation index fell to 59.5 from 62.0.