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Strategies & Market Trends : Guidance and Visibility

AAPL 278.32

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3:59 PM EST

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To: ChrisJP who wrote (14683)	9/8/2001 3:14:47 PM
From: SusieQ1065	Read Replies (1) of 208838

Here's a fact to ponder: much of this nation's wealth lies in the hands of our senior citizens. Remember them? They were the last generation to date that actually saved some money. The rest piled it into NASDAQ bombs and no longer feel the wealth effect. But many seniors are invested in CDs and bonds. Instruments that were throwing off 7.0% interest now yield half that or less at every subsequent FOMC event. What does that do for these senior's future buying power? Think about it. Tech stocks are now dead for years, unemployment is rising, housing values are falling and poised to plummet soon. One remaining source of untouched liquidity in the hands of consumers was CDs & bonds and now Larry K. pleads for slaying them to save the mighty bull? And what if zero interest rates work as well in the U.S. as they have in Japan for the past ten years? Then what? Expect Aunt Millie to give you some nice knitted slippers this Christmas instead of Wal-Mart items so she can ration the savings for bingo. Uncle Merle will slap some duct tape and coverall paint on the aging Chrysler and roll up a few more miles than he planned to. Retail or auto stocks, anyone? Summation The long-term trend looks to remain down, but we are poised for a blowoff rally in relief quite soon, probably straight ahead. No matter how many days, weeks or hours it lasts the next great selling opportunity lies beyond that as well. Don't fall in love with either direction right now! Best Trading Wishes, austinp@indexskybox.com

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