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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 26 4:00 PM EST

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To: Boplicity who wrote (67824)	1/28/2001 2:52:44 AM
From: Shtirlitz	Read Replies (1) of 99985

The issues of enormously high debt levels of consumers and corporations will not be resolved quickly. This debt was mounting for the past ten years, why would all over suddenly this problem should go away in 2-3 month. Consumer is exhausted. Further debt expansion, that was driving this economy seems very unreal at this point. There are no more "must have" drivers like internet. Markets are getting saturated, buying power diminishing. If the real estate market starts pulling back due to lower demand, this will trigger further pull-back by consumer. Real estate bubble was holding so far, but the troubles are already seen. Friday's data showed much greater drop in demand for housing than it was anticipated. 130,000 people were laid off in US only over the past week. This is another major factor that affects consumer psychology. Why on earth would anyone think that in 6 month all these issues will go away ? Don't forget that this economic expansion has lasted for the past 10 or maybe even 20 years. Mostly driven by debt expansion. I think this economy is getting ready for a substantial pull-back.

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