Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (4405)	11/26/2001 1:08:22 PM
From: Cogito Ergo Sum	Read Replies (1) of 36161

Hi frank, Actually as Slider pointed out most were never expecting Armageddon (but were somewhat prepared in case :o), although yes a few were. A return to reality is more what they are expecting. People disgusted with the market etc...finally hunkering down to pay off all those 'low interest' refinanced debts because eventually debt service does catch up, reevaluating retirement due to reduced portfolios..... Anecdotally right now: My smaller customers ones are hiring and adding on workstations, my main big one is spending on MIS like crazy, but to be fair they were stoneage only 4 years ago and have catching up to do. As far as shoppers well I've seen no abatement either. At the recent Santa Claus parade (biggest in history ? this year) in Toronto, the starting gun for the Christmas season of hedonism I had a curious question asked of me. An obvious tourist (he sounded Scandinavian) asked me what 'all this was about'. I told him and his response was 'but it's only November!'. Of course I reminded him that we only had 35 and a half shopping days left until Christmas LOL, (we're open 7 days here). I'm looking for the long term outlook here. Nothing to do with the market really. If the economy is going to be really bleak for quite a few years I'll pack up and take an opportunity in Québec which requires at 5 year commitment before I can exit. Otherwise I`ll stay put and work on them 50-100 acres in this area, where my worst scenario is getting a decent paying job (yech) or working contract in case customers disappear. I'm not so sure that this isn't a bear market fake out, You growing horns now Frank LOL ? regards Kastel

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