Friday the 13th of November, 2009 Consumer Confidence

Michigan Consumer Confidence data came out a minute ago and was 66.0 for October versus 70.8 for September. The Dow was up 45 points before the numbers were released and now up only 15. The August number was 65.7 and so we really have no gain in confidence by Consumers going into the holiday season. This is not good news for Retail Merchants.