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Tuesday, October 9, 2012

Personal Finance Daily: Why people actually like to wait in line

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MarketWatch
Personal Finance Daily
OCTOBER 09, 2012

Tuesday's Personal Finance Stories

By MarketWatch

Personal Finance Daily
powered by ad choices


Don't miss these top stories:

You may not get the best deals on toys and televisions on Black Friday, according to a recent Wall Street Journal study. And despite the many who waited in line for an iPhone, they could have easily pre-ordered the device online.

But if you skip waiting in line, you pass up on a shared consumer experience that reinforces you're making the right buying decision, as Charles Passy writes today. In fact, the act of waiting in line is actually driving consumer satisfaction, say those who study consumer trends.

Read more in today's Personal Finance pages, along with a story on what banks are doing to lure the wealthy to take out large mortgages and a Paul Farrell column on the women's fashion ad indicator.

Amy Hoak , assistant editor

Waiting in line: Good for ego, bad for wallet

Shoppers who line up for sales rarely snare the best deals, but many get psychological rewards from "queue chic."
Waiting in line: Good for ego, bad for wallet.


Banks pump up perks to lure wealthy home buyers

It's the high-end version of a free toaster for opening a bank account: To entice wealthy customers to take out large home loans, a growing number of banks are offering perks worth tens of thousands of dollars.
Banks pump up perks to lure wealthy home buyers.


401(k) fees in 'plain English' befuddle employers

Plan providers are now required to list and explain all the costs of a plan, but many critics say Wall Street seems intent on drowning them in paperwork and fine print.
401(k) fees in 'plain English' befuddle employers.


ECONOMY AND POLITICS

Women's Fashion Ad Indicator: New bull 2013

The stock market has a new bull-bear indication, the new "Women's Fashion Mag Ads Indicator." Yes, the fashion industry is betting megabucks on the future of America's economy and stock market. But when I saw all these ads, my first reaction was: "Warning, crash dead ahead!"
Women's Fashion Ad Indicator: New bull 2013.


IMF: Greece must do more for bailout demands

International Monetary Fund chief Christine Lagarde urges Greece to do more on all fronts, as lenders continue to
IMF: Greece must do more for bailout demands.


IMF: Europe has taken new steps to tackle crisis

The euro zone has taken important new steps that could allow it to turn the corner in the management of its long-running debt crisis, International Monetary Fund Chief Economist Olivier Blanchard says Tuesday.
IMF: Europe has taken new steps to tackle crisis.


Battered but intact, the euro mounts a comeback

Three years after the euro crisis began, Europe is finally acting to preserve its union, writes Barry Wood.
Battered but intact, the euro mounts a comeback.


Whose belt will be tightened to cut the deficit?

Reducing Washington's ever-present budget is not as easy has some would have you believe.
Whose belt will be tightened to cut the deficit?


INVESTING

Bear market may begin Tuesday

Will the bull market come to an end on Oct. 9?
Bear market may begin Tuesday,


How to start buying and selling options

By themselves, options are not dangerous. The danger is in the speculative strategies that some people use. Fortunately, writes Michael Sincere, the best antidote to risky option strategies is knowledge.
How to start buying and selling options.


Defense cuts could sink this stock

While some believe L-3 Communications Holdings could benefit from the presidential election, the likelihood of military spending cuts and other pressures make the stock the Stupid Investment of the Week, writes Chuck Jaffe.
Defense cuts could sink this stock.


America's Cup race to be powered by tech

Next year's America's Cup is going to be the most technology laden sailing race yet, and this last weekend San Francisco got a glimpse of the fast-moving catamarans, which will be even bigger next year.
America's Cup race to be powered by tech.


Be wary of a Netflix pump and dump

Online-video firm has become the latest Internet name to be bolstered by Wall Street analysts eager to pump up a tech stock ahead of an earnings report that's expected to be lousy, writes John Shinal.
Be wary of a Netflix pump and dump.


The truth about Wall Street profits

Before you follow the heard into bank stocks, consider the industry's record of the last year: accounting tricks, profit-killing charges, and blowups.
The truth about Wall Street profits.


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