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Strategies & Market Trends : Value Investing
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To: rjm2 who wrote (13104)9/23/2001 5:40:44 PM
From: Bob Rudd   of 78748
 
<<But, olive garden on a friday night is not a good indicator by itself. Many of these type have waiting lists every weekend.>>Quite true and if that had *changed* it would have been very negative. But it didn't *at that one unit*. Part of reason for my comment is to elicit other anecdotal observations from thread participants on how things are looking from this point forward. Not just restaurants, but shopping and entertainment venues generally. Have things changed? The week of the event would clearly be anomalous. Some activities like air travel are gonna be hurting. But the hypothesis that the consumer goes into hybernation needs some real testing before I buy it. Sometimes direct observations are better and faster than gov't/industry statistics.
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