(as of 7:15 PST)
After a day of profit taking
and consolidation markets are gearing back up with positive momentum
reestablishing itself. Economic data has
provided a lift. The October ISM manufacturing
number came in at a strong reading of 56.4, a robust number that exceeded
expectations. Talk in Europe of the need
to stimulate more inflation seems to indicate that further economic stimulus is
in the cards for that region. Gold is down along with oil. Prices at the gas pump are down
significantly, following the drop in oil.
Lower gas prices may make for an uptick in consumer spending in other
areas, a real positive for our economy going forward. Interest rates continue to drift downward. It looks like another strong day for the
stock market.
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