Global Problem!

So far the out look for Wall Street looks like its going to have a lower open today. And around the world the Asian markets closed pretty much flat today. The European markets are down right now and look to finish flat as well. With the out come of black Friday I think and hope the U.S market will show good gains today. I heard that there was a 2 to 3 percent increase in sales over last year. But with the deep discounts it will cut into retailer’s profits. If retailers have a great Cyber Monday it could move a lot of them into the black for the year. With all this holiday shopping it could very well stop the recession from becoming official. Although the chance of that happening are slim. Everyone already knows where in a recession, heck we’ve been a recession for the last 3 months. The thing is no one wants to admit it officially. Lets hope for a good day on Wall Street and days to come.

Tags: Black Friday, Cyber Monday, Wall Street