Holiday shopping kicked off this past weekend with Americans spending more than $54.7 billion during the Thanksgiving holiday period. Unfortunately, the retail industry watchdog ShopperTrak reports that $54.7 billion is 3 percent lower than last year’s haul for the same weekend. And it’s the first time in seven years that spending hasn’t grown. Retailers don’t expect it to get much better any time soon, according to GameStop Corp. CEO Paul Raines. “Consumers are stressed,” Raines said. They’re still under a lot of pressure from things like high unemployment… We see that in our business.” Certainly, that’s not what investors hope to see to close out the 2013 year.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: