Sale, sale, sale

The sales in NYC are incredible.  40-70% everywhere.  What is more amazing is that everything is marked down so low and nobody is in the stores.  Is there a magic number?  I am not so sure. 

The chatter from the media about the economy is all over the place.  Certainly getting a new President on January 20th couldn't have come any sooner.  It will certainly be interesting to watch the change in atmosphere in the country after the 20th.  The thrill on November 4th poured on to the street only to watch things continue to slide down hill on November 5th.  I hope that this is different as it certainly will be over time but maybe not on January 21st.

My guess is that the stores will move their stuff out, bring it down to 90% at one point.  The cruise and early spring in the stores will also be marked down eventually.  It will take until April/May, when the thaw comes, that people feel a need to start buying again. 

I could be totally off the mark but it is just my gut.  I have no desire to really buy anything unless it is a must have and will be with me for years to come.  I haven't even hit up the stores. 

It should be a very interesting first quarter.