Friday, August 12, 2011

SENTIMENT PLUNGES TO HISTORIC LOW

http://advisorperspectives.com/dshort/charts/indicators/Sentiment.html?Michigan-consumer-sentiment-index.gif

CS hits HISTORIC LOW
"The Thomson Reuters/University of Michigan's preliminary August reading on the overall index on consumer sentiment came in at 54.9, the lowest since May 1980, down from 63.7 in July. It was well below the the median forecast of 63.0 among economists polled by Reuters."
http://www.msnbc.msn.com/id/44119437/ns/business-stocks_and_economy/

Direct correlation to GDP and spending

D

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