Stocks Slip After Consumer Confidence Falls to 10-Month Low- AP
A sharp drop in consumer confidence is sending stocks lower as well. The Conference Board says Tuesday its consumer confidence index has fallen to 46 in February from 56.5 last month.
Consumers are 70% of economy, so this is not good news. By this time in recovery the reading should be closer to 90 !
One of my friends reminds me this is a "technical recovery"
D
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