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Pastimes : Home on the range where the buffalo roam

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To: Sig who wrote (2861)7/11/2001 4:16:49 PM
From: Sig  Read Replies (1) of 13815
 
Am very pessimistic today. This market will never be the same, even disregarding that tech bubble.
All businesses were planning to expand 5 10,20% each year with more sales or stores. Would sell stock or
get loans to do it.
And not that many new customers each year so they were planning to take business away from the other guy who was also planning to expand 10%.
Now the economy is contracting and all those pretty plans are upset
And there are way too many shares of all stocks in the hands of brokers, waiting to be sold.
Am waiting for Mr G's first rate cut to kick in- maybe on Jan 15th next year.
. Sig
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