Tuesday, October 25, 2011

Market comments for Oct. 25th, 2011

The big news this morning really came within the US, as the Consumer Confidence number was released for October. It came in at a 39.6 reading compared to September's reading of a 45.4 reading. This is the lowest reading in a while as the chart below indicates and if it continues this low for the next few months, Christmas season for Retailers is going to be very poor.

Nothing yet settled in Europe on the Greece debt issue and bailout attempts. There is a meeting tomorrow of the group and Germany will be voting at the same time as to whether they support it or not.

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