STOCKS ON SALE ...
Most expected light trading to follow the holiday, BUYERS were scarce and SELLERS moved to pressure stocks down with the news of credit troubles in Dubai (the latest excuse to take profits and drop the market to BUY back cheaper). Profit takers and panicked SELLERS lead the stock market down. Its worst session percentage drop of the month of NOVEMBER causing volatility to jump 20+%.
Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.13 at 1091.50 . While the Asian markets posted losses along with us, the European markets painted some mixed sentiment with FRANCE's CAC 40 +1.15% leading the way ...On a lighter note BLACK FRIDAY consumer spending is slightly up from last year, on one of the biggest spending holidays in the U.S. What will CYBER MONDAY do for retail ...? Does this mean Retailers are making money ...?