Media

Don't Buy Blodget's Microsoft Bluster

 

("But I thought...) Never mind your logical thoughts. Logic has no place in talk and writing about Black Friday, where it is ancient perceptions that rule.

Look, most business news outlets have already run stories this year about how, with advanced discounting, the Christmas season is starting earlier than ever. This caused The Business Press Maven to crack wise that Black Friday will soon become the start of the Christmas season again ... only it'll be the one 13 months off, not one.

And as we saw last year, Black Friday is followed by too many other defining days to count, from Cyber-Monday to Last-Minute Saturday ... or whenever. Though I do not think we are headed for a good holiday season like I did last year, the problem with treating each of these days as central is that, as we saw last year, they can't help but disappoint. Because they are not central. Last year, each of these days passed in disappointing fashion ... and then we had a good year!

The Christmas season, in the end, is long and there is no one central day. But old canards die hard. Just ask The Associated Press, which started the week with this line: "And after Thanksgiving, as investors do every year, they'll be watching for hearty holiday spending by consumers on Black Friday..." Sources close to reality tell me that Black Friday can finally be declared nonsense.

>To order reprints of this article, click here: Reprints

At the time of publication, Fuchs had no positions in any of the stocks mentioned in this column.

A journalist with a background on Wall Street, Marek Fuchs has written the County Lines column for The New York Times for the past five years. He also contributes regular breaking news and feature stories to many of the paper's other sections, including Metro, National and Sports. Fuchs was the editor-in-chief of Fertilemind.net, a financial Web site twice named "Best of the Web" by Forbes Magazine. He was also a stockbroker with Shearson Lehman Brothers in Manhattan and a money manager. He is currently writing a chapter for a book coming out in early 2007 on a really embarrassing subject. He lives in a loud house with three children. Fuchs appreciates your feedback; click here to send him an email.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet