Cyber Monday was created in 2005 when dial-up internet speeds were still our nemesis and the National Retail Federation wanted to create a holiday that would incentivize people to shop online. Now, over a decade later, that exercise in creativity has spawned the biggest shopping day of the year.
This year's Cyber Monday is forecasted to be the largest online shopping day in U.S. history, according to Adobe (ADBE) analytics. A record of more than $5 billion was spent by the end of Black Friday - an upswing of nearly 17% year over year. Here's a brief overview of some of the number's from years past.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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