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Archive - 11/27/09 Issue

Thanksgiving Week on Wall Street Ends on a Good Note

Stocks were up and down most of the week as reports of consumer confidence and the housing sector kept investors jittery. Economic news on Wednesday helped end the session up, but investors did not push the market over the 2009 highs. Oil and gold both were up, ending the week higher than expected. Much needed good news was reported Wednesday as the number of new filers for unemployment insurance fell to 466,000, the lowest number in the Labor Department figures since the week ended Sept. 13, 2008, and a decrease of 35,000 from the previous week's 501,000.

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This week instead of a stock review we would like to offer a bit of advice to all our readers regarding investing. With Black Friday in mind, we recommend you pay attention to the products that are being sold and the discounts offered. How this weekend goes will say a great deal about who is truly poised to profit or not. We have always advised to invest in good companies with good products that common sense says will create demand instead of stocks that may be subject to the unforeseen forces. This weekend is a great opportunity for you to take stock in the products you buy and love, and note what you see not moving from the shelves. This information shouldn’t be the only thing you consider when you invest, but it’s a very good start. With that we would like to wish all our readers a safe and happy Thanksgiving.

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