Sunday, November 28, 2010

Investors hope for a Black Friday bounce

Stock investors will use the sales on Black Friday for projections on consumer spending. About 35% of a companies revenue will come from holiday spending and about 10% of revenue comes from Black Friday alone. Last year, the major indexes gained 5% between November and December. There are other factors driving the market such as Bailouts in Ireland and Greece as well as potential bailouts in Portugal and Spain. This will turn investors back to the U.S.

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