Jan

4

Palm Beach appears to have filled up nicely in preparation for "the Season." There are some good size yachts on the ends of the docks but the average size seems a tad smaller.  Worth Avenue in Palm Beach looks relatively busy but one can not tell how much people are buying at this point–merchants every year say afterward, "it was the worst season ever" –probably to help ward off upward increases in rent from the property managers. 

I have noticed, however, a lot of billboards in the SE USA,  Baton Rouge, La., Montgomery, AL, and West Palm Beach, FL with watch ads from local jewelers for high end watches–Rolex, Ulysses Nardin, etc.  Wonder if smaller splurge items to retain status in market downturns become popular?   Buy a watch and feel better, a materialistic comfort purchase.  Something you can keep over a lifetime and not lose (unless you are unlucky).


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