Black Friday Surprise equivalent to a surprise Fed cut?
- Thread starter shortie
- Start date
Depending on the time viewed and the news source the numbers have alot of variance.
Throughout Monday's 11.26.07 trading day the talking heads will take turns spinning their takes and the beat goes on...
It's good....no it's bad.
"Investors go on buying spree."
"Investors take profits."
"Investors cautiously await numbers."
That's just between 9:28 am and 9:33 am.
Throughout Monday's 11.26.07 trading day the talking heads will take turns spinning their takes and the beat goes on...
It's good....no it's bad.
"Investors go on buying spree."
"Investors take profits."
"Investors cautiously await numbers."
That's just between 9:28 am and 9:33 am.
American consumer stronger than ever.TOns of consumer spending. The cheap dollar benefit for hollidays sales.
No sign that the imaginary credit crunch and subprime and liquidity crisis as had any affect on consumer spending. (which isn't a surprise considering it is imaginary)
No sign that the imaginary credit crunch and subprime and liquidity crisis as had any affect on consumer spending. (which isn't a surprise considering it is imaginary)
Big deal, I work in the retail business, and I have never seen this many people using their credit cards, and some people actually had to go through a couple of credit cards, until they find one that would work.
The sales may have increased, but so did the debt. Most of the customers that actually came into our stores and used cash were the immigrants.
The credit card debt melt down is next :eek:
Schaefer
Creditcards are rock solid. No meltdown will happen. Tons of spending. The debt is paid off in increments. The debt is sold and collects interest. IN the end, it all works out.
good article:
http://www.howestreet.com/articles/index.php?article_id=5172
it is that kind of fear that actually drives the market higherin the long term. Then there is too much euphoria you need to worry.