Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (9571)	8/29/2001 9:22:36 PM
From: Sergio H	Read Replies (2) of 13094

William, the Japanese didn't decide to stop buying all of a sudden. They paid top dollar for real estate all across the US; from golf courses in California to Rockerfeller Center and then they sold at major loses. They're kind of gun shy now after losing that much money. Argentina and Latin America...let me save that for another day. You're not going to agree with me. I think the U.S. has a lot to do with the problems there, looking back to the lack of U.S. investment in Latin America going back to the Monroe Doctrine. Sheesh, we've been more interested in importing from Taiwan and Singapore than Mexico and Columbia. Let's discuss this theme another time. You brought up real estate prices in Europe. Same thing is going to happen here. Low interest rates are good, but increasing unemployment can't substain growth in real estate prices. American's won't stop spending as long as we have money. We don't save. We spend. When we don't have money, we borrow or charge. Only thing that will stop this cycle is a consumer credit crunch, which we might end up in if real estate prices crash and we have many people with a higher mortgage than equity. SUNW's news is bad. The GDP report is bad. But, both events are within expectations. That's ok...for now. We had to pay at some time for the excess of the 90s. The situation becomes critical when bad news compounds into worse news and the downward spiral becomes as nonsensical as the upward spiral that swept stocks beyond reasonable valuations. Sergio

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