Consumer Sentiment Skids Again
The Dow Jones Industrial Average may have been heading toward 10,000, but you folks had the blues. From Bloomberg:
The Reuters/University of Michigan preliminary index of consumer sentiment decreased to 69.4 from 73.5 in September, which was the highest in more than a year. Measures of expectations for six months ahead and current conditions both fell. The index averaged 87.3 in [the] 12 months leading to December 2007, when the recession began.
The glum outlook might have something to do with the continued rise in unemployment and foreclosures.
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