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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Frederick Langford who wrote (21189)10/9/2001 1:43:02 PM
From: waverider  Read Replies (2) of 52237
 
Had dinner with a friend who sells silicon wafers. We talked about the business at length and he said it still looks really bad.

In addition, homes in San Diego are beginning to see some price softening. Since the spring, homes are staying on the market longer and people are dropping prices a bit. Also there is a rush of home equity lines being applied for.

This was the same thing that was going on in '89 before the real estate crash here. Not that we are in the same environment, but with folks apparently maxed out on there credit card debt...equity lines of credit may be their last hope to get things under control. But I suspect their buying habits may continue and as their homes start to drop in value there could be some serious damage. Just speculating.

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