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

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To: Sergio H who wrote (9572)8/30/2001 1:57:23 PM
From: James Strauss  Read Replies (2) of 13094
 
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:

Retirees who tend to be big spenders are no longer getting 6% to 7% on their money market money... Their income has dropped dramatically, not to mention huge stock market losses in their 401k's and other retirement accounts... This could put a big dent in spending going forward... Combine that with the cloud of growing layoffs about to weigh on consumer confidence, and you have the makings for a deflationary period in real estate prices and a broad range of consumer goods and services...

Jim
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