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Recommendations: 1
A term I really do not like--it is too much like Black Monday which has dire connotations.
The wife and I were down at JCP this morning, and shoppers were lined up 10 deep at every cash register, for what it is worth. All merchandise was well marked and tastefully displayed.
A little while later we went to the doorbusters at Sears, and the merchandise prices were not marked, and you were at a loss as to what was on sale unless you were carrying the Sears "doorbuster" ad from the newspaper. They had a table set up with free coffee, but the carafes were empty and the cups were gone, except for three or four used ones.
JC Penny impressed us a lot more than Sears Holdings on this Black Friday.
What is more, JCP was up 3% today. It looks like some investors are paying attention.
Nevertheless, department store stock charts look pretty grimm...http://finance.yahoo.com/q/bc?t=2y&s=SHLD&l=on&z=l&q=l&c=jcp%2Ctgt%2Cwmt This is a two-year chart; pretty enlightening. Are you willing to jump in with that Niagara of negative sentiment?
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