Retail Sales Lift the Market

The stock market is moving higher this morning. The government reported that retail sales rose by 1.2% in October. That’s the fourth straight month that sales have risen and it’s the best number since March. Economists were only expecting a rise of 0.7%. This is encouraging news because it tells us that the core of the economy, consumer spending, still has some strength in it,

Here are ten more signs that prove that the consumer isn’t dead.

The General Motors IPO has been set for Thursday. I’m curious how this will go but I’m not going anywhere near it. The pricing range is $26 to $29 per share. The company will offer 365 million which is 24% of the company. There’s also an option to issue another 54.8 million shares. After the IPO, the government’s stake in GM will fall from 61% to 35%.

HuffPo lists five reasons not to buy GM.

Posted by on November 15th, 2010 at 9:48 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.