The Stock Market shall BAILOUT the Christmas Shopping Season
Varchild2008 hopes everyone has at least 1 stock that trades UP during the Christmas Season on expectations of increased sales..... He also is gaining confidence more and more that the Stock Market is at a level DOW 9000+ that can easily bailout Christmas.
I no longer *fear* Christmas even if the C.E.O. of technology company's do.
I think there are enough investors in America that are benefiting greatly with this rocket ship off the March LOWs that could potentially offset SOME if not ALL of the Employment Situation.
Here's the kicker....
If you are unemployed....But, thankfully, you're savings account holds enough cash to get you to stay afloat for a couple years waiting to land a job.... AND you have unemployment checks coming in...
Then couldn't in theory...Investors take their unemployment checks since MARCH and stuff them straight into Stocks.... And then pull some if not all of the money just prior to Christmas Shopping or shopping for the Jewish Holiday or Ramadan or whatever religious practice / non-religious practice you do at the end of the year?
I can easily see that.... Not everyone is that smart to do that..... But some might have been motivated to do it...
I don't expect a BOOMING Christmas season.... But, I love to look at 2009 as if it's 2003...anticipating the NEWS MEDIA to come out saying, "Unbelievably, despite the unemployment situation shoppers are coming out to the stores and buying gifts. The malls are packed... Consumer Spending is far beating expectations..."
I can see another Christmas 2003 taking shape.... But, I'm not putting my investment career off the results of Christmas 2009 by any means.
DISCLOSURE: I own shares of ATVI....which obviously would benefit if Christmas sales far exceeded currently abysmal expectations.