Consumer-sentiment index rises in October

A gauge of consumer sentiment jumped higher in early October, pushing past Wall Street's expectations, according to reports on the University of Michigan-Thomson Reuters consumer-sentiment gauge released Friday. The UMich sentiment gauge rose to 83.1 in a preliminary October reading from a final September reading of 78.3. Economists polled by MarketWatch had expected little change, anticipating the index to decline to 78 in early October. The sentiment gauge, which covers how consumers view their personal finances as well as business and buying conditions, averaged about 87 in the year before the most recent recession. Economists watch sentiment data to get a feel for the direction of consumer spending

Sort of like the unexpected UE rate and percentage changes...My we're on fire. Now about that perpetual QE thing? JPM just talking their book and trying to justify the balance sheet manipulation. Housing has not organically turned any corner and without Fed buying at inflated prices from JPM marked up securities, institutional funds mindlessly pouring good money after bad by becoming slum lords.