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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (716601)12/4/2005 2:41:28 PM
From: Hope Praytochange   of 769670
 
kennyboymarketwhiner: Much has been written about the prospect for the year-end rally in equity markets.

The so-called "Santa Claus rally" is already here. And it is fueled by declining energy prices that have helped to take the burden off of the consumer.

That much is evident, judging from exceptionally strong retail spending for the first weekend of the holiday season.

This year's $27.8 billion in sales at the malls over the Black Friday weekend was the second-strongest result since 1999. And the 22% increase in online spending and the 29% rise in Web site traffic are set to mark fresh records for Cyber Monday sales.
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