If you have been bearish going into the end of the year, worrying about the fiscal cliff and the stock market, you probably got to think again. Americans once again shows its retailing strength by buying up things and holidaying.
This is the article by Marketwatch:
Record count of holiday-weekend shoppers
Some statistics and what it meant:
A record 247 million Americans shopped on foot and online during the four-day holiday weekend, up 9% from the same period last year, when 226 million made holiday purchases.
(That means this is the best shopping in history! The Americans are preparing to shop, shop, shop!)
A total of 89 million Americans shopped online and in brick-and-mortar stores on Black Friday, up from 86 million in 2011, according to the survey conducted by BIGinsight for the NRF.
(Shopping online means that technological stocks like Ebay and Amazon and Google should be your focus, the largest retailing website and search engine in America. Same as Expedia and Priceline, online holiday website.)
More than 35 million Americans visited retail stores and websites Thursday, up from 29 million last year, the survey found, with the average holiday shopper spending $423 this weekend versus $398 last year, a rise of 6%.
(That means everything got to do with retail market will be good. Like Apple, Macy, Costco, Target, Ross Stores)
Do not worry about the fiscal cliff, in fact take the opportunities of the fiscal cliff drop as a chance to make some money for christmas shopping and holiday!
I am already looking forward to a great EARNINGS SEASON for American companies coming next January as expectations of their results are lowered because of this season. Looking at history, that has been always the case after a terrible earnings quarter. ;)