I was looking at it strictly from a profit perspective so I see your point.
However me being the huge bitter cynic I am, I was referencing my depression era mother. I had her out shopping earlier last week and commented on the crowds. She reminded me that people *will* find a way to spend on Christmas and will deal with the consequences later.
I jumped to the conclusion that ‘crisis fatigue’ has set in and people are going to spend money to make themselves feel better during the holiday.
I’ll retreat back into my wait and see mode and await the first quarter results instead. If those continue to climb then I’d say the recovery continues to gain strength and the economy will wobble forward.
