Confidence Check

The market wasn't very active today. the Dow was down slightly, but the S&P was slightly up. There were few earth-shattering announcements, and I was able to decorate our tree in the office. However, here's something that will make you think: with major corporations such as GM and Merck announcing large-scale layoffs, consumer confidence continues to be positive. So positive, in fact, that new home sales have surged 13% despite higher mortgage rates, and the sale of durable goods increased 3.4% in October. There is, of course, still talk of the Feds raising rates again, but it seems as if nothing can damper our confidence! DOW: -2.56 Nasdaq: -6.66 S&P 500: +0.02