Consumer Confidence Report - Big Miss - Employment Situation Friday

Consumer Confidence Report

Prior Prior Revised Consensus Consensus Range Actual Consumer Confidence - Level 59.5  59.2  52.5  45.0  to 59.0  44.5

Released on 8/30/2011 10:00:00 AM For Aug, 2011

From Bloomberg : Economic Calender 

As expected in yesterday's post : Big week - A slew of economic data this week will make markets rocky

Consumer Confidence released today at 10am was a huge miss.  The other piece of economic data to watch out for comes in Friday which is the employment situation.

A Recession is looking ever more likely as the economic data has been confirming the stock market plunge over the past couple months.