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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 670.21

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To: Clint E. who wrote (33811)	8/28/2001 10:11:17 AM
From: j g cordes	Read Replies (1) of 67706

While the technology sector has fallen, analysts and economists have claimed the consumer will hold the line. However a close examination of the consumer shows high debt, energy worry, and now retirement paranoia due to market losses and social security funding games. Too much has been put on the consumers' shoulders in my opinion. Business may fail, government may falter, but the lowly consumer is expected to dig deeper to support wall street, big business and government spending... can't happen, won't happen.

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