Stocks edge higher (U Michigan's consumer sentiment rose to 93.5 from 89.6

From CNN:

....About 30 minutes after trading began, the University of Michigan's preliminary reading on consumer sentiment was released. Sentiment in November rose to 93.5 from 89.6 last month. Economists surveyed by Briefing.com were expecting a rise to 91.3

October retail sales report, released before the open Friday...Retail sales fell 0.3 percent after falling a revised 0.4 percent last month, the government said. Economists surveyed by Briefing.com expected a fall of 0.2 percent. Sales excluding autos rose 0.2 percent in October after rising a revised 0.2 percent in September. Economists expected sales ex-autos to rise 0.2 percent.


...wholesale prices rose more sharply than expected in October, a report showed, while industrial output growth slowed down last month.

http://money.cnn.com/2003/11/14/markets/markets_nyopen/index.htm

The consumer confidence number is a result of all the good talk of last week. But in truth, the numbers this week have been pretty bad.

I expected inflation to rise.

That will be TROUBLE.

:-)

The poorly designed tax cut will continue to undercut jobs and econ growth, but econ growth of 3 to 3.5 next year should be expected -

Even a poorly designed toss of 500 billion down the well will cause some econ growth. 2005 will be dismal as all the stimulus runs out.

Clinton / Rubin knew how important tax code incentives and aligned expectations for government deficit /long term interest rates are to maximized growth.

This guy knows nothing but give public money to friends while he destroys medicare ans Social Security in order to save/modernize them..

Bouncing around now, but 10:00 was the high point of the day so far

Dow 9,846.38 +8.44 (+0.09%)
Nasdaq 1,956.02 -11.33 (-0.58%)
S&P 500 1,058.27 -0.14 (-0.01%)
10-Yr Bond 4.245% -0.026