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11/28/11: HOLIDAY SHOPPERS SPEND 16% MORE THIS YEAR; STOCK MARKET SOARS

28 Nov

Is the recession officially over?  Well, according to the shopping stats out today, for holiday shopper’s, it would seem so.  The stock market rallied today as figures were released showing a 16% increase in “Black Friday” sales over last year. 

Adding to this optimism is the announcement that on-line shopping is expected to break a record today, possibly reaching $1 billion in sales.  “Cyber Monday” is when shopper’s add to their lists, by purchasing products during their work hours:).

It’s not clear if this shows consumer confidence is up because the recession is over, or if they are just tired of feeling down and went on a shopping spree!  Whatever the case, it is good news for the U.S. economy (until the bills come due).

Now when will they begin adding a new home to their holiday shopping list?  Keep the momentum going!

 
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Posted by on November 28, 2011 in HEADLINE NEWS

 

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