41.   An economy that was already sluggish and consumer confidence that was already depleted had retailers in a bind before the events of last week.

42.   Americans, who brushed off earlier signs that business was slowing, now realize the economy is losing strength as consumer confidence posted its sharpest drop in three years.

43.   Analysts from several Wall Street research groups had forecast a decline in consumer confidence rather than a gain.

44.   Among other economic reports today, French consumer confidence unexpectedly worsened in December.

45.   Among the indicators the Fed will be watching carefully are consumer confidence and the stock market.

46.   And a study conducted by the University of Michigan showed consumer confidence picking up.

47.   An economic stimulus package has to address the underlying weaknesses in the economy that are discouraging investment and lowering consumer confidence.

48.   And as layoffs rise, consumer confidence may fall, putting pressure on stocks.

49.   An increase of this magnitude would be seen as good news because it would reflect the sort of continued consumer confidence the economy depends on for growth.

50.   And consumer confidence appears to be improving.