“Black Friday” Falls Upon Local Retailers

So it’s Friday morning and I have been watching local news stations inform me about “Black Friday” over and over. At first I thought, “Oh no, another catastrophic stock market crash?” Then I realized that this phrase refers to retailers who can move out of the red and into the black with strong sales leading into Christmas. There has to be a better phrase, right?

Historically, the term “black” has been used to describe other disastrous days in financial markets. For example, Tuesday, October 29th, 1929, a day the market fell precipitously, has been coined Black Tuesday, signaling the start of the Great Depression. Additionally, the largest one-day drop in stock market history occurred on Black Monday, October 19th, 1987, when the DJIA plummeted more than 22%.

As chronicled here recently, local folks were willing yet again to wait in a line as early as 4 p.m. yesterday to grab a laptop computer for $400 or a flat panel television for $250. Check that, for a chance to grab a laptop or flat panel TV. I know, I know, as SinghCity pointed out recently, this stuff isn’t really news so I won’t waste your time piling on. That is, until “Cyber Monday” strikes…

Author: RonTopofIt

RonTopofIt is a complex personality, as are most of the small breed of modern day renaissance millionaires. He wishes more people were like him and yet believes that it takes all kinds. You've met RonTopofIt many times, you just don't remember him.

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