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A strong early start to the holiday shopping season looks to be a bright spot for the stock...

  • Friday, November 23, 2012, 6:17 PM ET
    A strong early start to the holiday shopping season looks to be a bright spot for the stock market, but both could soon stall if lawmakers don't make progress on the “fiscal cliff” when they return in the coming week. Despite the promises of congressional leaders and the President to reach a compromise, many on Wall Street are betting Washington will revert to its old self-destructive ways before any deal is reached - and that could easily upset the stock market, as well as holiday shoppers, particularly those at the high end.
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This news story has 9 comments:

  •  
    A strong US economy from President Obama and crew, helps retail spending,jobs added each month, and lower gasoline prices.
    23 Nov 2012, 09:22 PM Reply Like
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    He saved this country from depression!
    24 Nov 2012, 06:21 AM Reply Like
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    He saved nothing, but he did increase the deficit and in going to increase our taxes, oh he also increased the unemployment lines. So give him credit for that.
    24 Nov 2012, 07:39 AM Reply Like
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    Do we really care what happens with retail sales around Christmas? We have seen the videos of people crawling over one another for a cheap I phone or whatever. Most of this stuff comes from China, so what's the big deal if we have a good retail Christmas or not? Where's the benefit to the American productive worker when everything comes from China anyhow?

    Our society has degenerated into a bunch of glutenous, overweight, greedy and self obsessed death wishers. The sooner we're flushed down the sewer, the better.
    23 Nov 2012, 09:56 PM Reply Like
  •  
    Consumerism is bad. The hype only benefits the corporations outsourcing our jobs. Let them sell their junk where the produce them.
    23 Nov 2012, 10:08 PM Reply Like
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    Unfortunately the economy is not strong with economic growth under 2% and fewer jobs being added against new entrants to the workforce.

    People I speak with are too sanguine about this being resolved but it concerns me since it has dragged on for almost two years now.

    We can't keep adding a trillion dollars to the national debt every year and expect to not fall into a Japanese style debt trap.
    24 Nov 2012, 05:34 AM Reply Like
  •  
    Strong holiday shopping is nothing do with Fiscal Cliff. Article like this will discourage people not to shop.
    24 Nov 2012, 06:41 AM Reply Like
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    We are at the entry of a huge economic rebound that will swell the middle class like we have never seen. We will be led by an enormous rebound in manufacturing jobs created from our strengths in energy independence, technology, and good ole American work ethic. This economic explosion could last for decades if we work together as one country rather than a divided country where a few dictate rules that impact us all. Either be a part of it or continue to be pessimistic and therefore miss out on a great opportunity for your family.

    To me, I welcome the great many shoppers that we saw on Black Friday. Why be critical. If you are on this site for investment reasons, heed the opportunity before you!!
    24 Nov 2012, 08:18 AM Reply Like
  •  
    Well said bgold! If we can rise above the partisan politics, letting Politicians' divided us, there is no limit to what can be achieved. I also welcome the many Holiday shoppers, as they are the true job creators.
    24 Nov 2012, 03:12 PM Reply Like
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