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Reply #79: I'm glad you said it... [View All]

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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 03:31 PM
Response to Reply #19
79. I'm glad you said it...
...because I thought it too!

I saw morning CNBC talking heads saying that the DOW was up 200+ points due to
Black Friday sales.

Seriously? Who would buy more stocks based on improved BF sales? And weren't
those "improved" sales compared to the last few years of horrendous lows?

I don't get it. I don't get how investors--a class of people whom you would guess
would be fairly educated--would buy based on preliminary BF numbers.

Sometimes I think the CNBC gabbers just make this up as they go along...who knows?
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