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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: LLCF who wrote (155557)3/12/2002 8:37:35 PM
From: Joan Osland Graffius   of 436258
 
LLCF,

There seem to be mixed signals out there right now. I was surprised to hear the housing market in silicon valley was so healthy.

Here in Minneapolis have talked to a few business people and they say things are soft. I don't know how the housing market is doing here.

What I do know is the retired folks have quit lavish spending. In fact during the last sell off in the market - just before this last run a few retired people called me and said they had pulled their funds out of stock equity funds and were looking for help. These folks portfolios are down around 30% and have had it.

Have a friend that owns a travel business and her leisure business is "real" soft. She said that retired folks are not taking trips these days. Her University tour business is doing fine - the professors are running tours as part of their classes as much as they did during the 1990's. Evidently University kids have funds to travel – hope they are not using their visa cards for this. <g>

Joan
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