Nail-biting Black Friday Again

Despite stock market pushing high in various markets including Europe, this came yesterday.

Confidence among U.S. consumers unexpectedly dropped in November as the loss of jobs threatened to undermine the biggest part of the economy.

The Reuters/University of Michigan preliminary sentiment index decreased to a three-month low of 66 from 70.6 in October.


This is worrying considering that consumer spending makes up 2/3 of the U.S. GDP.






and the Index has been at the lowest since 30 years.




Charts from University of Michigan.

Looks like another nail biting year at watching Black Friday sales results which falls on 27th November this year.