From Zero Hedge:

The ABC Consumer Confidence index plummeted last week, falling from -41 to -47, sustaining "one of its steepest one-week drops in the last quarter century, following last week’s troubling jobs report with an all-hands retreat from what had been a tentative positive trend in consumer attitudes."

At -47 the index is essentially at the average 2009 level of -48, and far below the average since 1985 of -12...

Read full article...

More on the economy:

The 3 biggest risks to the market

Total unemployment hits another all-time record

Market veteran Barton Biggs: 1 in 10 chance of total anarchy in U.S.