Although pre-owned sales still dominate the boating market, consumers are beginning to test the waters and buy new models again as the winter boat show season began on Wednesday.
With the Intel disappointment, S&P futures are trading below August lows and we are now certain to see the S&P 500 -- but not the Dow -- trade at 52-week lows.
The boating industry is in a deep slump and sales are particularly weak in the Midwest, where auto industry layoffs are hurting consumer confidence.
Like the housing industry, the boat business is in a deep slump. Some industry players say it's the worst ever. But hope floats at the Miami International Boat Show this weekend.