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Saturday, November 24, 2007

Black Friday

What is Black Friday? Coincidentally, the financial markets of today is in a mess, with most of the global markets in bearish mood. Last Friday marks the Black Friday and Dow Jones coincidentally jumped more than 200 points after many days of fall.

Lifted from Wikipedia:

"Black Friday is the day after Thanksgiving in the United States, where it is the beginning of the traditional Christmas shopping season. Since Thanksgiving falls on the fourth Thursday in November in the United States, Black Friday may be as early as the 23rd and as late as the 29th of November. Black Friday is not an official holiday, but many employers give the day off. Retailers often decorate for the Christmas season weeks beforehand. Many retailers open very early (typically 5 am) and offer doorbuster deals and loss leaders to draw people to their stores. Although Black Friday, as the first shopping day after Thanksgiving, has served as the unofficial beginning of the Christmas season at least since the start of the modern Macy's Thanksgiving Day Parade in 1924, the term "Black Friday" has been traced back only to the 1970s. "Black Friday" was originally so named because of the heavy traffic on that day (see below), although most contemporary uses of the term refer instead to it as the beginning of the period in which retailers are in the black (i.e., turning a profit)."

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