Here are some morning observations and pictures from a friend of mine in the business. 

“Well…..numbers on Black Friday a bit better (maybe the $1.55 gas I saw over the weekend helping a bit)…..I know we (have been) cranking out some fairly bearish prognostications…but when I see images like the one below…and the from the Great Depression….can’t help but think we are being a little too pessimistic….”


Target, Black Friday 2008

Great Depression Bread Lines