Daily Investment Interpretations
November 30, 2008
Thanksgiving holiday sales were up 3% this year over 2007. That's not a
lot, but it's a lot more than expected. On the other hand, profit margins
must have been pretty thin, and the outlook for the entire season, at
least as posted in the popular media, isn't terribly high. Still, shoppers
didn't spurn the sales.
Here's a good article, Bottom feeding is for catfish, by the author of the "Getting Technical" column for Barron's Online. Also, Mark Hulbert has this to offer for tonight: Mark Hulbert: Risky this year to bet on year-end bounce for small-cap stocks. One other factor might be the end-of-year redemptions for hedge funds and mutual funds.