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Cyber Monday's sales topped $1B, a 16% jump from 2009, making it the top online shopping day in...

Cyber Monday's sales topped $1B, a 16% jump from 2009, making it the top online shopping day in U.S. history, says comScore. Overall, holiday seasonal spending is up 13% to $13.5B. However, these gains came only with costly retailer incentives, such as free shipping, that will cease with the holidays.
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Comments (5)
  • Joe Morgan
    , contributor
    Comments (1558) | Send Message
     
    But..But...I was told the consumer was dead...How this could happen?How we have 10 consecutive months of private employment growth?I should sell all my assets and hide in a bunker..
    1 Dec 2010, 12:22 PM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    This is the difference between the US and China. They keep executing the same plan. We change plans according to the latest turn on the Dow Jones index. Last year everyone was celebrating the silver lining (consumption down=higher savings). This year we celebrate higher consumption again. Anyone care to guess what happens to savings?

     

    We deserve the next "nobody could have known" problem.
    1 Dec 2010, 12:30 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    I wish you'd hide somewhere.
    1 Dec 2010, 12:25 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1558) | Send Message
     
    Suck it, up liberal....you missed one of the greatest bull market in history...
    1 Dec 2010, 12:28 PM Reply Like
  • positivethoughts
    , contributor
    Comments (2011) | Send Message
     
    I had to trade in and out of this market it order to realize gains. I had the time to watch my stocks throughout most trading days. However, to the average retail investor who is buying a mutual fund or investing for the long term, this year hasn't been kind. I am not saying it has been a disaster - many companies are increasing eps while their stock prices continue to trade in a range over the past 12 months (good time to buy), but from a strictly return based evaluation, this year hasn't done much for the appreciation of holdings.
    1 Dec 2010, 03:03 PM Reply Like
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