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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Oblomov who wrote (30086)10/20/2000 12:33:44 PM
From: LLCF  Read Replies (1) of 436258
 
<Does anyone have a sense for how the slide in the Nasdaq will affect the holiday shopping season? From speaking with some friends and acquaintances it appears that the "poverty effect" is already at work.>

Unfortunately until it becomes obvious that things have gotten bad, we will probably only have anecdotal evidence. FWIW, I am definitely seeing the poverty effect at work here, several aquaintances cancelling home and car plans... those people are upper end as well although my car dealer [salesman, not dealership] who I've been talking to once a month is really moaning about being way under water on his stocks.... that is really sad.. the ones who don't just scale back, you know it's more important to him.

DAK
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