Early Data Shows Strong Black Friday

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[QUOTE=nightflier]Well Tex, you may just be getting your wish. Last I heard, Obama's team was throwing out numbers like $1000 per person and another $1000 per dependent. Now unless people stick it in the bank (or the floorboards in Texas) and hold onto it for a rainy day (flooding notwithstanding for Texans), most of this money is going to get rolled back into the economy.

If this comes to pass, I am also expecting a lot of upper-middle class people who are still doing OK and who won't consider this a lot of money, to invest the check. That along with rising fuel prices, rising b2b spending, and a few other factors, could really pick up this lagging economy. I'm reading investment projections that specify growth numbers of 100-150% in some sectors in the next 2 years.

Some positive thoughts:

- The one good thing about being the first economy to have suffered a national bail-out crisis, is that we stand a good chance of being the first ones out of the muck. If anyone has the resilience to do it, it's Americans.

- Investing in green technologies is now not only the cool thing to do, but also seen as a good investment strategy.

- If you hate everything green (yes there are still such Cromagnons around, esp. in Crawford Texas), then investing in oil right now is also a good bet. Of if you're neither green nor Texan, investing in new oil exploration techniques is a good way to remain on the fence and still make a buck.

- While house prices are expected to fall some more, they will likely stay low for another 2-4 years. For those looking to buy a house, there is some time to cash in their stocks and put together that nest egg.

- This economy and the green movement are finally reaching the hi-fi market it seems. From everything I've read about Las Vagas this month, it looks like less-expensive, small, energy-efficient, fair-labor, and higher-quality-and-more-durable gear is all the rage. Just look at the products that NAD, Cambridge, PS Audio, Harman, and Martin Logan are bringing to their line-ups.

- Growth in the computer industry is also expected in key areas where the US has always been strong: services, micro-processors, software, security, and networking. I'm not saying to start pouring money into Nasdaq-only investments, but it's worth keeping an eye on this.

- eBay and other auction / used goods sites are growing steadily as well. Not only good for audio-video folks, but also shows that people are willing to re-use much of what before was being thrown out as trash.

- Only 14 more days of Bush/Cheney and the fear that they will screw more up before they finally leave. Like the rallying call during the election: the world can't wait. So provided that the status quo remains for two more weeks, prepare yourselves for the biggest world-wide inaugural celebration we will see in our lifetimes.

Now would we be saying anything even remotely this positive if that guy from Arizona had won the election? ('Forgot his name; wait, it'll come to me... ...Nope completely forgot.)

Dont forget the koolaid.
Thats the end for most liberal beleifs