Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: robert b furman who wrote (49252)	11/13/2000 2:46:12 AM
From: Gary105	Read Replies (1) of 94695

Thus far the prospect of a long drawn out battle over the election is having a big impact on the market. I think in this case the impact is warranted as it might be the final nail in the coffin that changes the psyche of our consumer driven economy: one year ago - upbeat consumers and upbeat market, country can do no wrong within the past year: fed raises interest rates - consumers on buying binge during first rate increases, buying begins to temper, recent increases begin to have impact tech market swoon of march to july - break in bubble erases wealth of speculators oil prices increase - takes money out of consumer pockets, especially discretionary spending of low to middle income people protracted election - wipes out billions in market wealth, also produces a feeling of malaise over the country - could be the blow that takes consumers from positive outlook to negative outlook

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