Monday, November 29, 2010
Stock futures rise after strong retail sales
This article basically talks about how more shoppers were spending this holiday season then last season. Basically its talks about how the sudden spending is helping to stimulate the economy, and that there is a small improvement from last year. I think the improvements in the economy are to blame, and people are a little more confident in the US markets, hopefully we can sustain this temporary growth to some extent after the holiday season.
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It is quite easy to see some improvements from the previous year, especially in the retail industry, as most if not all of the stores slice their prices to gain the profit from the holiday sales. However, there is many doubts to the sustainability of their profit since many consumers are hoping to buy products only when there are sales.
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