December 28, 2005

WHAT STORM?:

Consumer Confidence Up As Gas Prices Fall (EILEEN ALT POWELL , 12.28.2005, Forbes)

Consumer confidence surged in December as declining gasoline prices and improving job opportunities buoyed spirits, boding well for spending in the new year.

The Conference Board said Wednesday that its Consumer Confidence Index advanced to 103.6 this month after recovering to 98.3 in November. That was better than the 103.0 reading analysts had expected for December.

December's rise put the index at its highest level since Hurricane Katrina struck on Aug. 29, devastating Gulf Coast states and disrupting fuel and trade for much of the nation. Last August, before the storm, the index registered 105.5.

Posted by Orrin Judd at December 28, 2005 12:39 PM
Comments

Gas down, NG down, 401k statement due in about 6 weeks.....

Posted by: Sandy P at December 28, 2005 2:07 PM

Re 401K it doesn't look like the Dow will break 11,000 before 12/31/05 but the 401K statements should contain some good news as Sandy hints.

Posted by: AWW at December 28, 2005 5:50 PM
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