Coming Up On Wall Street
Makes sense to me, although there are these frequently arising unknowns that enter the equation and throw everything askew. You know, stuff like countries going belly up, wars, oil leaks, elections, that kind of thing.
Don't you just love the frenzy of Black Friday. Its the closest we get to mass hysteria. People line up for hours in order to get a shot at a cheap TV and it must be had. Its orgasmic, the materialism ripples out over the malls in waves of ecstasy. Love is found and happy campers drive off onto the thruways with smiles and a sense of satisfaction.
Reuters: Black Friday focus of investors
Bullish sentiment toward holiday sales is the most likely catalyst for the cyclical bull market to resume, so a lot rests on that..." If sales seem weak, "this dip could turn into something bigger."
Among the week's economic data is the government's second estimate of third quarter gross domestic product growth, expected to show the economy grew a bit faster than previously thought.
Two reports on housing are expected as well: the existing home sales report...and new homes sales...
Other reports will give a glimpse of manufacturing, consumer spending and inflation.