The morning news, black friday a success! 7%increase from last year! Market down by 7. 5%?
- I do not shop on that day too many amatuers. We better start trying to save or we will all be going to hell in a hand basket
- Keep in mind that the "real" economy is different than the wall st. economy. They are only loosly coupled. Wall st. tends to be the more volitile of the 2. It's not a matter of lying. it's just basic economics 101
- It depends on who you are listening to and how you interpret the numbers. Sales were up about 5% over last year. That is sales; not profits. Products were marked down much more this year than they were last year. Also, most of the sales were on the deep discounted products. People were buying what they went for and leaving. Very few shopped for other than the big bargains. Best sellers were electronics and children's clothing. Also, the outlook for the remaining Christmas shopping is quite grim
- News outlets are just trying to do their part in shoring up collapsing consumer confidence. Whipsawing markets are signs of failing bailouts and day traders pumping some nickels from the death throes of the economy. Black Friday and the holiday sales numbers are the last hurrah for those who still have money in their pockets. There are serious clouds on the horizon, and all of us are hoping they go away. Putting on a happy face and denying possible failure may be the best strategy available
- All I know is what I saw as i p ed several mall parking lots, people having to park in the gr y medians because all the lots were FULL, local police diverting traffic etc etc
- I think it could be a refection that people will only shop on the days with deep discounts. We have to wait till the end of the year for a true figure. Also HOW can retailers operate a business on 50% to 70% off?
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