Sunday, November 27, 2005


The American consumer continues to be the strongest leg of the U.S. economy even with the dampening effect of higher energy prices. From the WSJ:
Charge-card company Visa USA reported retail sales using its cards rose over 11% to $3.7 billion for Friday and Saturday, from the same two-day period last year. Sales of electronics, books and CDS jumped 21%, while specialty-retail and hobby sales increased 16% and discount and drug-store sales climbed 10%.
Solid retail sales through December could be just the ticket to propel the Dow above 11,500 by year-end.

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