I agree with Jack. By the middle to the end of the summer, we will have a handle on what next year will begin to look like. I bet you good number of people realize it's not this year, it's next year we are buying for. What I mean it's not six months, it's nine months we are looking too, at least I am.
You forgot inventory levels fell by the largest % in five years. I will add this. Longer the rally last the more lasting it will be, since bullishness will reduce worry at the consumer level. From my little corner of the retail world, I can tell you I see a slow down, but that's the music biz, which has many cross currents happening at once. You have to remember, it will get worse before it gets better.
I see close 2000 + or - near term for the naz., then back down, I don't see a retest, but it wouldn't surprise me.
On another note. I'm beginning to wonder about how much the Internet is causing sectors to step back, charge ahead, be crushed, or change quickly. I haven't seen much in printed that discusses the Internet and how it is changing business decisions now, other then latent talk of the dotcom bomb. Right about now, we should be at the threshold of the knowing what kind of tool the Internet is, and how to use it.
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