Questions for Heavy Retail Holders

I came across an article this morning on Bloomberg News that said the holiday sales should be up almost 5% as consumers are heartened by rising housing prices and steady job growth.

Call me cynical. But I don't believe the fact that you are less under water now and that you can now get a part-time or lower-paying job has that many consumers excited about the upcoming holiday season. It was just a few days ago where consumer confidence dropped as consumers are worried about jobs and wage levels. I don't think that has changed much this week. The same article said that holiday hiring would be down by about 6%. So there will be fewer seasonal jobs and customer service will be horrendous as fewer elves will be around to help shoppers get ready for the holidays....655 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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