skippy the bush kangaroo

Tuesday, October 29, 2002

huge rally on wall street; dow up 9 tenths of a point

there was a late day rally on the stock market today, surging up a huge 170 points. too bad it had fallen 169.1 points earlier in the day.

the market fell initially because of news that consumer confidence is the lowest it has been in 9 years. that's not good. it dropped a whopping 14 points from 93.7 in september, falling past the low of 84.9 last november (after the 9/11 attacks) to a low, low, low spot of 79.4 in october.

the consumer confidence index measures consumer confidence, but don't ask us how. read this instead. if you aren't sure about something, don't hesitate to ask questions.

posted by skippy at 8:15 PM |