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Poll: Confidence plunges
Another bad sign for our economy:

ABC/Money poll says a plunge in consumer confidence equals its steepest drop on record.
February 17, 2004: 6:31 PM EST

NEW YORK (CNN/Money) - Consumer confidence plunged last week, matching its steepest drop on record in more than 18 years of weekly polling by ABC News and Money magazine.

The ABC/Money Consumer Comfort Index, based on ratings of current economic conditions, lost seven points -- a single-week fall that's been matched just twice before, in January 2001 and February 1990. In each of those cases, recessions followed.