The Declining Market

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As of today, February 16, more are more signs are leading towards a further declining market:

•  U.S import prices went up by 1.7% which was driven by increased prices for oil
• Export prices increased 1.2% which was the largest jump since 1989.
• The Reuters/University of Michigan index of consumer sentiment dropped to 69.6 which was the lowest it has been since 1992.  These numbers are representative of the recessions in the mid 70’s, 80’s, and early 90’s.
• Stock prices fell due to concerns that there was a slowing in consumer spending.  Dow Jones was down 28 points to 12,348.