The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Lars who wrote (688)	9/3/1998 10:22:00 AM
From: Kirk ©	of 15132

I dont see how one sector will pull down a $9.5 trillion market. If the banks fall on hard times it will hurt but can it pull down the whole market? I would appreciate anyone's thoughts on this matter? I am by far not an expert. Lets see. Back in July I was selling some company stock at $75 and $78 to buy a stepper company and have some cash. It went to $82 and I considered pulling a bunch out and maybe remodeling my kitchen or getting new windows. I took a day off work to get some shares and it dropped to $70 so I said "wait and see". I waited and it is now selling at $49.50. I don't think I will remodel this winter. The whole Silicon Valley is full of remodels and building, probably paid with money that was already out of the market. I doubt there will be nearly as much building next year unless the market turns soon. HWP, UTEK and AMAT are sure not putting in any new buildings and even Jerry Sanders has been quiet of late. The point is, thanks for reminding me, much spending in the US is from consumers feeling great about their net worth going up so much so they take a bit off the table to enjoy. regards Kirk

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