Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 183.40

+2.1%

3:59 PM EST

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To: ajtj99 who wrote (44920)	7/17/2001 1:26:25 PM
From: LTK007	Read Replies (1) of 56535

i still think you overestimate 600 dollars---it will be a one month blip,imo.The key to that article is our economy is so consumer dependent to the extreme that EVEN a slight downturn in consumer spending will cause damage. We have an economy that demands spending on a "there is no tomorrow" basis. The consumer have maxed out their mortgages and their credit cards,and historically when savings become negative it is a signal to consumer exhaustion and a trend reversal. But it will take but a modest amount of consumer economizing to be a can of molasses into the engine of our economy. Also,their is a definite pattern that those losing and getting new jobs,are working for less pay,this is a major downside to the rehired. And again i feel you may be surprised at how much of that tax rebate is ALREADY spent. If this rebate was coming at a time that consumer debt was not at major and dangerous highs,i would side with you more,but that is not the case.Max

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