Black Friday was good, but it is not a bellwether for the season. We had a strong Black Friday last year, but sales slowed after that.
I think retail will be good in patches - bad in others. Walmart may do well.
My overall opinion on the economy is that several corporations are stronger than reflected by their positions on the stock market now. However, I am expecting a rally, which I will short. I will be researching Proshares Short and Ultra Short funds. My overall outlook on the U.S. economy is quite bearish - because of housing and mortgage.
I also wouldn't be surprised if there is talk of a World slowdown next Spring or summer, or fall.
I will change my Bullish strategy and short the upcoming rally soon.
p.s. Apple is kicking ass.
No comments:
Post a Comment