I Believe I Can Buy

Consumer confidence is way up in November, according to the Conference Board's Consumer Confidence Index.  Lower oil prices and a strengthening job market are two key factors contributing to consumers' new can-do attitude.

This welcome economic news, along with fresh data on blow-out new home sales and a surprisingly large pop in durable goods orders, combined for a trifecta of economic resplendence today.

This should've been just the kind of 1-2-3 punch we needed to boost the Dow up over 11,000 (for the first time since June, 2004), but thus far, the index is being highly stubborn.

Preliminary 3rd Quarter GDP data comes out tomorrow morning.  If that's in line with or better than the 4.0% forecast, I'm predicting 11,000 and then some.