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Strategies & Market Trends : Steve's Channelling Thread
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To: Sabrejet who wrote (15933)5/17/2001 1:41:00 PM
From: Jdaasoc  Read Replies (1) of 30051
 
Sabre:
people will start spending again???

It may look bad now but it takes time regain confidence in the economy. As Mark points out some people in telecom may lose their jobs but in the whole 90 something% will do OK I think Will Rodgers quote was "It's a recession until you lose your job then it's a depression".
I see the signs of AG work in action. Go to Home Depot and they will give you 6-12 months free interest on most purchases above $500. This could only happen if their cost to borrow money was cheap. I am remodeling my office and the free interest allows me a little more cash for the market.

On the other hand, I went into a Office Max today and it was like a ghost town. 3 Employees and 2 customers comprised the living matter in entire 100K sf store. So you will be able to find signs of weakness out their if you focus on looking for that kind of thing.

I can only relate to you a response to my fears of a deepening recession after a least of 1+ year of being in a recessionary environment in early 92 when I had a neighbor who was senior sales manager of Brother International and I asked him if a recent bankruptcy of an office supply chain would effect Brother or even effect overall economy in a domino effect. His response was the event was "it was just a pimple on the backside of the economy".
You just have to accept what is going on for what it is and focus on the fact that things will get better and there is no reason to get too concerned unless stocks or housing get themselves overextended again.

john
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