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Sunday, November 29, 2020

Black Friday, 2020 -- It's A Wrap -- And A Record -- November 29, 2020

I'm hoping there will be enough stories worth posting to capture "Black Friday, 2020." We'll see.

First story: Black Friday hits record $9 billion in US consumer spending! 

Second story: Dow, S&P 500 head for best November since 1928. Let me repeat that: best November since 1928. And with the headline from the first story, could the last day of November be a great day for the market?

Third story: energy stocks are on pace for a record month. Of course, they have been down for so long, it doesn't take much to make them look good.

Fourth story: busiest time of the year for Disney theme parks? Yup. The holidays. Not gonna happen this year. 

Fifth story: based on google search, Google is going to have a blowout quarter. I've never seen so many ads. Normally one or two ads at the top of any given page, but a google search for "Black Friday 2020" and it's almost 100% ads. Some are "marked as ads"; most are not, simply links to web pages of on-line retailers offering Black Friday deals. And, oh, by the way, hundreds and hundreds of non-Amazon on-line retail sites. Exhibit A when folks say Amazon has a monopoly. LOL. I"m on page 5 of about 4.06 billion results and have seen very few Amazon ads. I haven't been paying attention; there may be more than I realize.

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