Friday, October 29, 2010

U Mich Consumer Sentiment Modest Disappointment

This disappointment has had virtually no effect on the market. This was the poorest showing in nearly a year -- November 2009.


from Fox Business:

U.S. consumer sentiment worsened more than expected in October, hitting its weakest level since November, with concern about the economy high leading into next week's election, a survey showed on Friday.
The Thomson Reuters/University of Michigan's final October reading on the overall index on consumer sentiment came in at 67.7, down from 68.2 in September and below the 68.0 median forecast among economists polled by Reuters.