Everyone has a first. I had a first too: I participated in the annual Black Friday shopping madness. It was absolute and complete madness according to many television reports. Fortunately, though, I did not experience trampling and running over. But, I also did not wake up at some unrealistic hour (read 5 AM). Instead, it was a relaxing 9 AM stroll to the stores followed by tremendous spending.
In fact, I'll say it now: I think this year's retail revenues and profits should be incredible. For some reason, it seems as though the few people I talked to all went out and shopped this year, something they hadn't done in the recent past. In other words, I'm long retail, especially BBY for you home gamers! (That's Best Buy for the rest!)
On a similar theme, I'm thinking about JCP - JC Penny - given the volume of shoppers I experience earlier today. This will have to be on the radar screen for the days to come.
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