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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who wrote (863)	1/24/2002 6:50:39 PM
From: richardred	Read Replies (2) of 1567

So do you think we will see a reverse wealth effect the will dampen consumer spending? >IMO- not in America, any way. I do think it will effect spending habits though. This year Americans are now given increased IRA limits to save. I don't see middle America taking advantage of this, till we see at least a full year of recovery (401-K shock also). HB-I'm not an expert on technicals, but I do see HB holding up here 56-57, even though it weakened today. A possible break to 62 on a upside earnings gain. Witch IMO- is possible here. I haven't had a good chance to trade these past two weeks, also next week . I've been on the day shift, witch I rarely work. RR

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