Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (8185)	9/5/2001 11:50:54 AM
From: elmatador	Read Replies (1) of 74559

After the dismal seasons' economic results, the wool will be pulled out of the average citizen. He is going to see that he is not on a extended vacation. There are no jobs at the end of this extended vacation. The guys that are leaving school will feel the pinch of not having jobs. The write offs of thos einvestments in the young companies sold by VCs will be brutal. Witness Marconi writing off Fore this week or Nortel writing off Promatory a couple of months back. The job cuts, today most attrition and natrural wastage will start biting hard. That is "bottom" for me, Jay. Sorry we Latins tend to be not very economical with words to explain a concept.

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