I feel like I’m coming out of yesterday’s funk, but I’m still a little groggy, truthfully. That might explain my teeny weenie itty bitty five-point gain today. My stocks were just about evenly split between advancers and decliners. Just a sort of “nothing day,” you know?
Some better-than-expected consumer confidence figures seemed to stoke some positive action in Disney and Wal-Mart, but let me be the first to tell you that the improvements in that area aren’t even close to signaling a real economic turnaround. We also got some mixed results on the housing front. I’m taking any assessment of the housing market with a grain of salt, what with all the foreclosure tomfoolery still going on.
To be honest, I’m just kind of punching the clock until next week rolls around. We’re in for a doozie, let me tell you. The elections happen next Tuesday, and a veritable pantload of data — including the all-important unemployment report — will also emerge.
So like I say, not a ton percolating on my end. Maybe something surprising will happen tomorrow. If not, I can certainly wait until next week before I make any huge moves.
See you tomorrow,
The Dow Jones Industrial Average