Black Friday Frenzy - Guess The Date - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Black Friday Frenzy - Guess The Date
Started:November 28th, 2011 (09:20 AM) by Quick Summary Views / Replies:411 / 0
Last Reply:November 28th, 2011 (09:20 AM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Black Friday Frenzy - Guess The Date

Old November 28th, 2011, 09:20 AM   #1 (permalink)
Quick Summary
Black Friday Frenzy - Guess The Date

Guess the date of this frenzied Black Friday action description:

"On this year’s Black Friday, retailers and analysts said they saw a surge in traffic at stores and malls over last year, and also were noticing that shoppers snapped up discretionary items for themselves rather than gifts or necessities...Near Chicago, Wal-Mart tried a crowd-control technique: handing wrist bands to shoppers who wanted access to the 5 a.m. electronics prices, so admission would be limited and there would be less of a frenzy. At an upscale mall outside Los Angeles, although shoppers were treating themselves to items like limited-edition Nike shoes and jewelry, many paid in cash. “You can just feel it in the air — people want to spend money again,” said Karen Stanek, manager of an Old Navy store in Arlington Heights, Ill. “The mood of the customers is more positive than it’s been in years.” Analysts, mall owners and retailers said that traffic was higher than last November and that people seemed to be spending more. But concrete assessments as to whether sales were up over a year ago, and if so, whether they were enough to lift major retailers out of their long-term, recession-driven slumps, were not available. The first sales figures for Black Friday will not be available until later this weekend."

If you said, 2010 you would be correct (courtesy of the New York Times "Shoppers Flock Back to the Mall to Hunt Deals").

So what was the final tally? Per Bank of America: "According to the retail-data firm, ShopperTrak, sales on Black Friday rose 6.6% against year-ago levels. This compares with a paltry 0.3% gain in 2010."

So all that 2010 exuberance... for nothing?

Q.E.D. for 2011 as well.

More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Black Friday Frenzy - Guess The Date

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Black Friday sales rose 6.6 percent: source kbit News and Current Events 0 November 27th, 2011 11:39 AM
For Black Friday Novices, Not a Night of Conversion Quick Summary News and Current Events 0 November 26th, 2011 04:00 AM
NY Fed Issues Mea Culpa That Nobody Saw at 6PM on Black Friday Quick Summary News and Current Events 0 November 25th, 2011 11:50 PM
ING Direct Black Friday, get $121 free Big Mike Off-Topic 0 November 27th, 2009 03:13 PM

All times are GMT -4. The time now is 07:06 PM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-27 in 0.06 seconds with 19 queries on phoenix via your IP