nowthenagain Posted November 26, 2009 Report Share Posted November 26, 2009 I reckon it's 100% certain to be Black Friday when the US reopens after thanksgiving. What do you all reckon?! Quote Link to post Share on other sites
drrayjo Posted November 26, 2009 Report Share Posted November 26, 2009 I reckon it's 100% certain to be Black Friday when the US reopens after thanksgiving. What do you all reckon?! harhar I'm sad enough to see what you've done there Quote Link to post Share on other sites
Gone baby gone Posted November 26, 2009 Report Share Posted November 26, 2009 harhar I'm sad enough to see what you've done there Yes, Black Friday this week is a dead cert... in the US at least Quote Link to post Share on other sites
MinceBalls Posted November 26, 2009 Report Share Posted November 26, 2009 Yes, Black Friday this week is a dead cert... in the US at least I like it. And it's always nice to have one of these threads hanging around - keeps things real Quote Link to post Share on other sites
interestrateripoff Posted November 26, 2009 Report Share Posted November 26, 2009 PPT won't allow it to happen, they'll be moving today to ensure no crash. Quote Link to post Share on other sites
The Masked Tulip Posted November 26, 2009 Report Share Posted November 26, 2009 The Friday after Thanksgiving in the US is known as black Friday - the first day in the year when retailers traditionally go from being in the red to in the black as consumers flock to the shops to start their Christmas shopping. For this reason I do not think we will have a black Friday this Friday - but keep an eye on those US sales figures over the weekend. Quote Link to post Share on other sites
Mugwump Boy Posted November 26, 2009 Report Share Posted November 26, 2009 The Friday after Thanksgiving in the US is known as black Friday - the first day in the year when retailers traditionally go from being in the red to in the black as consumers flock to the shops to start their Christmas shopping. So you mean it could be a Black Black Friday... Quote Link to post Share on other sites
_w_ Posted November 26, 2009 Report Share Posted November 26, 2009 PPT won't allow it to happen, they'll be moving today to ensure no crash. If it gets really bad overnight I wouldn't be surprised if Bernanke announced before market open that every US citizen is to receive a free house and $1 million in cash. Quote Link to post Share on other sites
thirdeye Posted November 26, 2009 Report Share Posted November 26, 2009 The Friday after Thanksgiving in the US is known as black Friday - the first day in the year when retailers traditionally go from being in the red to in the black as consumers flock to the shops to start their Christmas shopping. For this reason I do not think we will have a black Friday this Friday - but keep an eye on those US sales figures over the weekend. Different explanation in wiki!! http://en.wikipedia.org/wiki/Black_Friday_(shopping) Origin of the name "Black Friday" Black Friday as a term has been used in multiple contexts, going back to the nineteenth century, where it was associated with a financial crisis in 1869. The earliest uses of "Black Friday" to mean the day after Thanksgiving come from or reference Philadelphia and refer to the heavy traffic on that day. The earliest known reference to "Black Friday" (in this sense), found by Bonnie Taylor-Blake of the American Dialect Society, refers to Black Friday 1965 and makes the Philadelphia origin explicit: JANUARY 1966 -- "Black Friday" is the name which the Philadelphia Police Department has given to the Friday following Thanksgiving Day. It is not a term of endearment to them. "Black Friday" officially opens the Christmas shopping season in center city, and it usually brings massive traffic jams and over-crowded sidewalks as the downtown stores are mobbed from opening to closing.[11] The term Black Friday began to get wider exposure around 1975, as shown by two newspaper articles from November 29, 1975, both datelined Philadelphia. The first reference is in an article entitled "Army vs. Navy: A Dimming Splendor," in The New York Times: Philadelphia police and bus drivers call it "Black Friday" - that day each year between Thanksgiving Day and the Army–Navy Game. It is the busiest shopping and traffic day of the year in the Bicentennial City as the Christmas list is checked off and the Eastern college football season nears conclusion. The derivation is also clear in an Associated Press article entitled "Folks on Buying Spree Despite Down Economy," which ran in the Titusville Herald on the same day: Store aisles were jammed. Escalators were nonstop people. It was the first day of the Christmas shopping season and despite the economy, folks here went on a buying spree. ... "That's why the bus drivers and cab drivers call today 'Black Friday,'" a sales manager at Gimbels said as she watched a traffic cop trying to control a crowd of jaywalkers. "They think in terms of headaches it gives them." Usage of the term has become more popular in the Midwest since 2000. Quote Link to post Share on other sites
Te Mata Posted November 26, 2009 Report Share Posted November 26, 2009 So you mean it could be a Black Black Friday... FWIW, the index futures are open with the SP500 down about 2%. Shares won't be in the black, that's for sure. Quote Link to post Share on other sites
interestrateripoff Posted November 26, 2009 Report Share Posted November 26, 2009 If it gets really bad overnight I wouldn't be surprised if Bernanke announced before market open that every US citizen is to receive a free house and $1 million in cash. Printed or borrowed money? Quote Link to post Share on other sites
The Masked Tulip Posted November 26, 2009 Report Share Posted November 26, 2009 Different explanation in wiki!! http://en.wikipedia.org/wiki/Black_Friday_(shopping) Origin of the name "Black Friday" Black Friday as a term has been used in multiple contexts, going back to the nineteenth century, where it was associated with a financial crisis in 1869. The earliest uses of "Black Friday" to mean the day after Thanksgiving come from or reference Philadelphia and refer to the heavy traffic on that day. The earliest known reference to "Black Friday" (in this sense), found by Bonnie Taylor-Blake of the American Dialect Society, refers to Black Friday 1965 and makes the Philadelphia origin explicit: JANUARY 1966 -- "Black Friday" is the name which the Philadelphia Police Department has given to the Friday following Thanksgiving Day. It is not a term of endearment to them. "Black Friday" officially opens the Christmas shopping season in center city, and it usually brings massive traffic jams and over-crowded sidewalks as the downtown stores are mobbed from opening to closing.[11] The term Black Friday began to get wider exposure around 1975, as shown by two newspaper articles from November 29, 1975, both datelined Philadelphia. The first reference is in an article entitled "Army vs. Navy: A Dimming Splendor," in The New York Times: Philadelphia police and bus drivers call it "Black Friday" - that day each year between Thanksgiving Day and the Army–Navy Game. It is the busiest shopping and traffic day of the year in the Bicentennial City as the Christmas list is checked off and the Eastern college football season nears conclusion. The derivation is also clear in an Associated Press article entitled "Folks on Buying Spree Despite Down Economy," which ran in the Titusville Herald on the same day: Store aisles were jammed. Escalators were nonstop people. It was the first day of the Christmas shopping season and despite the economy, folks here went on a buying spree. ... "That's why the bus drivers and cab drivers call today 'Black Friday,'" a sales manager at Gimbels said as she watched a traffic cop trying to control a crowd of jaywalkers. "They think in terms of headaches it gives them." Usage of the term has become more popular in the Midwest since 2000. Yes, all very well but... that does not negate the fact that US retailers refer to the Friday after Thanksgiving as Black Friday for the reasons I mentioned. Quote Link to post Share on other sites
nowthenagain Posted November 26, 2009 Author Report Share Posted November 26, 2009 FWIW, the index futures are open with the SP500 down about 2%. Shares won't be in the black, that's for sure. If tomorrow does turn black in the United States then it'll make for an interesting day watching their media. Black Friday is traditionally the day when they glory in the purchasing of the usual junk for Xmas. US breakfast TV will be full of 'Black Friday' (go buy more junk proles) spin in the morning, only for the realisation that they have inadvertently prophecised something horrific to dawn on them once markets open. I'll find it funny anyway. Quote Link to post Share on other sites
_w_ Posted November 26, 2009 Report Share Posted November 26, 2009 Printed or borrowed money? Who cares? Quote Link to post Share on other sites
Little Professor Posted November 26, 2009 Report Share Posted November 26, 2009 Was there a Black Thursday thread today? Quote Link to post Share on other sites
Van Posted November 26, 2009 Report Share Posted November 26, 2009 I have to say I'm uber-bearish on the stockmarket for the next 3 months. It was horrendously overbought (you have to go back to Oct 87 for the last time that it gotwas that extended). My short position is nicely inprofit and I expect to be adding to it in the short term. Quote Link to post Share on other sites
Trampa501 Posted November 26, 2009 Report Share Posted November 26, 2009 It could be an interesting day for sterling too. FT Blog “We do expect the Dubai government to step up efforts to raise capital via real estate sales, and sales of their UK assets in particular,” James Lewis, a member of the Gulf capital markets team at property consultant Knight Frank told Reuters. May be wrong, but Friday looks stormy to me... Quote Link to post Share on other sites
LuckyOne Posted November 26, 2009 Report Share Posted November 26, 2009 (edited) We seem to have a definitional problem ..... - Light grey = 300 Dow points - Dark grey = 600 Dow points - Black = 900 Dow points I would be surprised if we get to a dark grey Friday to-morrow let alone a black Friday ....... Edited November 26, 2009 by LuckyOne Quote Link to post Share on other sites
expatowner Posted November 27, 2009 Report Share Posted November 27, 2009 FWIW, the index futures are open with the SP500 down about 2%. Shares won't be in the black, that's for sure. Well the Hang Seng has dropped 3.5% and its only lunch time Friday at present. So if this continues round the markets then you may get a real black Friday. Quote Link to post Share on other sites
the stig Posted November 27, 2009 Report Share Posted November 27, 2009 Up early. Cup of tea. Eagerly anticipating the end of the rediculous optimism seen this summer. I know it's been said alot on here, but the tide does seem to have changed. There are still lots of properties going SSTC in the areas that i'm monitoring, but actual completed transactions are currently down 85% (from 400 p/m to 50-60 p/m). The next leg down starts here... Quote Link to post Share on other sites
Guest KingCharles1st Posted November 27, 2009 Report Share Posted November 27, 2009 So you mean it could be a Black Black Friday... I like your thinking. Quote Link to post Share on other sites
Wait & See Posted November 27, 2009 Report Share Posted November 27, 2009 Look at the state of the UK banks today. Holy hell, why would you want to hold these right now. (These prices could be a good buy in for the brave though, I guess.) Quote Link to post Share on other sites
blankster Posted November 27, 2009 Report Share Posted November 27, 2009 (edited) I just looked at Dow futures on Bloomberg and it looks like it's down 225 points. I'm not sure if I'm looking at the right thing, though, since I couldn't find the website I used to look at for this info. Edited November 27, 2009 by blankster Quote Link to post Share on other sites
Little Professor Posted November 27, 2009 Report Share Posted November 27, 2009 FTSE finished up 1%. Not so much black as bright white. Quote Link to post Share on other sites
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