Consumer confidence plunges to lowest on record

[bama2008]

Consumer confidence plunges to lowest on record
Tuesday October 28, 2:08 pm ET
By Christopher S. Rugaber, AP Economics Writer
Consumer confidence plunges to lowest on record in wake of financial turmoil, layoffs

WASHINGTON (AP) -- Layoffs, plunging home prices and tumbling investments have pushed consumer pessimism to record levels in October, a private research group said Tuesday. Wall Street shook it off, though, focusing instead on higher global markets amid optimism the Federal Reserve will ease interest rates further.

http://biz.yahoo.com/ap/081028/meltdown_economy.html