Thursday, November 27, 2008

Black Friday


Did you know that the official site for 'Black Friday' shopping is www.bfads.net.
Black Friday (the day after Thanksgiving) is the busiest shopping day of the year. The predictions for this year are pretty dire. Saks Fifth Avenue in NYC held sales all week offering up to 80% off. The store was jammed. The majority of stores have excess inventory and are offering historic discounts. Wal-Mart is offering a flat screen television for less than $400. Retailers are trying to reverse the double digit sales declines of the last few months. The stock market will be tracking sales daily until Christmas. I hope for a much better shopping season than expected.

Random thoughts....Look for President-elect Obama to announce his Security team next week beginning with Secretary of State Clinton...after the horrific events in India, Obama will show the world that foreign policy will be just as important as economic policy...The market closes at 1PM today....the rally will probably go for at least one more day......watch the financials for hints....

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