Line in the Sand

Now that wall street is back from vacation I expect today to be an important tell on how the market fairs into year end. We are weak out of the gate. If we can maintain here or somehow rally I have to believe that wall street is going to keep priming the pump into year end.

I think all of the focus on holiday sales is skewed. The internet has caused a fundamental change in the way consumers shop. I hope that cyber-monday comes through, as the media will be hyper focused on how much sales are racked up. Again, because of the adoption of broadband in the home, I think this idea that the Monday after thanksgiving has to be huge for there to be good holiday sales is bunk. People are shopping at various times for the holidays and using the old predictable patterns to follow trends doesn't work like it use to. I am expecting a very good holiday shopping season. Though not for everyone - i.e. Walmart....