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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (26621)	9/8/2001 10:19:32 PM
From: marginnayan	Read Replies (1) of 30051

Could you please comment as to whether the collapse in the NASDAQ will be followed by collapse in real estate market. Is this ever going to happen since I even read an article by PIMCO bond fund manager that the real estate market collapse most likely will not happen. I think that the real estate market is the only thing that is holding up consumer spending and thus far the economy. Also the tech industries contribute about 20 % to the total GDP and so even while tech continues to be in doldrums, the economy can still avoid a recession. Are we done with the slide in dollar or there is more to come? Thanks, marginnayan

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