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Baby Boomers Are No Longer Luxury Retailing's Future

Luxury goods

The Great Recession took lot of wealth out of baby boomer pockets, probably for good. That means luxury merchants will have to set their sights on a new demographic for growth in coming years. That group will most likely be the millennials, 25- to 34-year-olds.

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Market Update:
  • Stocks and bonds stumble while commodities soar
  • Gold recently smashed through the $1,400 an ounce level, and seems to be setting new records every day. Many people are interested in getting in on the gold craze, but what's the best way to invest? DailyFinance's Dan Burrows hit the streets to find out how people are buying the yellow metal -- and discusses a simple way to follow suit.

    Dollar-stocks seesaw

    For a host of reasons, when the dollar spikes, stocks drop, and when the dollar falls, stocks soar. Right now, with dollar sentiment reaching maximum bearishness, contrarians are preparing for the next shift. If the dollar rises again, stocks could reverse.

    bubble

    Everyone now knows that real estate values were inflated in a massive bubble a few years ago. While that's clear in hindsight, it raises the disturbing question: What other assets could be in a bubble right now? The experts we asked gave us a long list.

    During his trip to India, President Obama announced a set of measures to increase trade between India and the U.S. That means new opportunities for a number of companies and a chance for smart investors to profit.

    Mr. Goodwrench

    On Tuesday, November 9, 2010, Mr. Goodwrench, trusted friend of the American driver, passed on, a victim of radical restructuring with attendant rebranding. The famed mechanic, a popular symbol for General Motors' dealer service departments, follows longtime companion Rusty Jones, aftermarket undercoating icon, who died of aggravated bankruptcy in 1988.

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    Market Movers

    SymbolLastChange / %Volume

    Most Actives

    BAC
    BANK OF AMERICA CORPORATION
    12.27-0.33
    -2.62%
    225.04M
    F
    FORD MTR CO DEL
    16.07-0.34
    -2.07%
    133.72M
    XLF
    Financial Select Sector SPDR Fund
    15.17-0.29
    -1.87%
    122.19M
    MGM
    MGM RESORTS INTERNATIONAL
    13.00+0.08
    +0.62%
    72.96M

    % Gainers

    AHD
    ATLAS PIPELINE HOLDINGS LP
    12.02 +2.33
    +24.05%
    1.46M
    APL
    ATLAS PIPELINE PARTNERS LP
    23.46 +3.61
    +18.19%
    3.41M
    GMXR
    GMX RES INC
    5.17 +0.71
    +15.92%
    3.70M
    FBP-C
    FIRST BANCORP P R
    11.42 +1.43
    +14.31%
    2,500.00

    % Losers

    TNL
    TECHNITROL INC
    4.09-1.06
    -20.58%
    1.63M
    DF
    DEAN FOODS CO NEW
    8.50-1.86
    -17.95%
    1,490.00
    ADY
    AMERICAN DAIRY INC
    10.95-1.90
    -14.79%
    247,673.00
    MSS
    MERRILL LYNCH & CO INC
    7.05-1.18
    -14.34%
    2,960.00

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