by Calculated Risk on 10/28/2008 10:32:00 AM

From MarketWatch: U.S. consumer confidence plunges to record low

U.S. consumer confidence plunged in October, reaching an all-time low in the series' 41-year existence, the Conference Board reported Tuesday. ... Despite falling gasoline prices, the October consumer confidence index fell to 38 from an upwardly revised September reading of 61.4.

I usually don't post consumer confidence numbers because they are mostly coincident indicators - they tell you pretty much what you already know - but a new record low is hard to overlook.