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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: JRI who wrote (2521)3/11/2001 7:43:31 PM
From: StockOperator  Read Replies (2) of 52237
 
JRI,

<<"How can the absolute implosion in tech be "walled" off from the old economy.">>

I don't think it can. That is why we are beginning to see stocks in the NYSE beginning to break down. Banks, gambling, entertainment, restaurant chains, tourism.... who or what is safe? When the public fully comprehends the damage, (financial and psychological) and begins to reel in from the losses, the cut back in discretionary spending will reverberate throughout the entire economy. Combine that with the anxiety of possible job layoffs and its not hard to imagine peoples spending habits changing dramatically. Although it's a little early the charts are beginning to reflect that.
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