Sunday, November 27, 2011

Economy/Stock Market: Occupy Wal-Mart

What a crazy world. Last week the U.S. stock market (S&P 500) tumbled 4.7%. It was the worst Thanksgiving-week since 1932, reported Bloomberg ( But on Black Friday, the day after Thanksgiving when the holiday shopping season unofficially begins, the U.S. consumers rushed the shops.

Black Friday sales increased 6.6% to the largest amount ever, wrote Bloomberg. “This is the largest year-over-year gain in ShopperTrak’s National Retail Sales Estimate for Black Friday since the 8.3 percent increase we saw between 2007 and 2006,” commented the research firm ShopperTrak (bloomberg).

This is definitely not a sign of an approaching recession! When will the stock market regain its sanity?

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