Is Love in the Air for Some ETFs?
January 29th at 11:00am by Tom Lydon
According to singer/songwriter Jack Johnson, "Cupid only misses sometimes," and according to the analysts and exchange traded fund (ETF) enthusiasts, "Cupid’s costs are expected to rise in 2008." Hmmm. I think the other way was better.
The National Retail Federation (NRF) reports that the average consumer is set to spend $122.98, up from $119.67 last year, reports David Goldman for CNN Money.
NRF is calling for nine out of 10 lovebirds to spend the most on significant others or spouses, of the 61% of consumers that will actually celebrate this day. Whether it’s candy, jewelry or a night on the town, retail and leisure ETFs could be set for a rally.
