OK, maybe the sky really is falling

Source Consumer Confidence Board The Conference Board Consumer Confidence Index fell to 101.3 in April from 104.0 in March, with the Expectations Index taking a hit and remaining below the recession-indicator level of 80, except for one month. Consumers’ assessment of the current business and labor market conditions slightly improved, but their expectations for the short-term outlook deteriorated, especially for those under 55 years of age and households earning over $50,000. The monthly survey shows that consumers became more pessimistic about business and labor market conditions, while their short-term income prospects were somewhat more favorable. Consumer spending, which is the