More Shoppers, More Buying on Black Friday

That's what U.S. financial media is hyping today.

Not Dubai, not the fact that the U.S. market is down a sizeable amount after two-day selloffs in Asia. OK, Europe got euphoric today and the bources ended the day up more than 1%, but they are Europeans.

So, here's to you, online shoppers. Buy up all you can, be happy.

Black Friday at Amazon.com

(Full disclosure: I am signed up as Amazon.com associate.)

Tweet

Dubai Fears Continue to Drive Global Markets Down

This is not the post I wanted to write on Thanksgiving Day, but U.S. stock investors may want to prepare, at least mentally, for a severe correction in the stock market.

It already started yesterday in Asia, continued on to Europe today, and Asia again is opening in deep red. U.S. stock market futures are in deep red. Dow futures down 184 points as of 7:44 PM EST.

It is because of the fear of sovereign default (Dubai).

This screen shot is today's European markets.

Tweet