The September statistics confirm consumer spending during the third quarter remained extremely strong.

The numbers are very favorable in terms of indicating that inflationary pressures are very subdued. It takes away any last of inclination of that Oct. 5 Fed rate hike.

There's actually a year over year decline in crude prices.

The threat of a Fed policy firming on Nov. 16 will continue to weigh on the markets, despite the weak payroll figures reported in this morning's employment report. The sharp advance (in wage growth) will, nevertheless, worry Fed policy makers who are already concerned about the tightness in the labor market.

Be able to analyze statistics, which can be used to support or undercut almost any argument.

Statistics: the mathematical theory of ignorance