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Stock futures pared declines after some of the economic data, including the Commerce Department’s report that U.S. consumer spending in September tallied its largest drop in four years.

Yeah - that makes perfect sense. Largest drop in four years…so the futures bounce off the lows!!! As usual…was not “abysmal” or “wasn’t worse than expected.”

Another day with worrying news. I especially like Barclays going to the Arabs for $12B. There is etill a search for capital going on.

And of course, John Sununu on the boob tube this morning talking about how the market needs to go up today and Monday to help McCain and let the consumers ease their worries. Yeah right.

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Technorati Tags: 12b, Arabs, Barclays, Boob Tube, Commerce Department, Consumer Spending, Consumers, Declines, Economic Data, John Sununu, Lows, Market Futures, Mccain, Perfect Sense, Stock Futures, Worries