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davejh23 (< 20)

December 2011

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5

Question: Black Friday Sales

December 06, 2011 – Comments (6)

I know "Black Friday" sales draw huge crowds, but I find it hard to believe that the weekend's sales averaged ~$500 per household (at least that's what I just read).  I've only ever headed out early for one Black Friday sale...I purchased a pre-lit Christmas tree several years ago...looking back, it probably wasn't even worth what I paid for it.  For Thanksgiving this year, we had a large get-together with nine different households represented.  Only one household had Black Friday plans, and for them it's more of a social tradition...they rarely buy anything...just check out the sales and go to breakfast in the morning.  Based on my observations, there seems to be more people that absolutely despise Black Friday than those that participate.  I'd be suprised if even 25% of households head out for major shopping during this weekend...which means that there would have to be a large number of households spending thousands at Black Friday sales.    [more]

Recs

9

Second Largest Dow Week Ever!

December 02, 2011 – Comments (6)

This morning, with the Dow up 100+, I read multiple artices noting that the Dow was on track for it's second highest weekly points gain in history.  Even though the Dow slid throughout the day and closed flat, at the close there were more articles noting that the Dow did indeed have it's second highest weekly points gain ever.  The articles note that the largest point gain was in the Fall of 2008, and while most are probably aware, they fail to mention that this was in the middle of a huge stock market crash....the market continued to rally for a few days following that last week of October, and then fell 2,000+ points in the following two weeks...-3,000+ over the following 4 months.  Massive weekly gains driven by hope are not at all encouraging.  [more]

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