P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: LTK007 who wrote (17335)	11/27/2002 9:13:12 AM
From: DebtBomb	Read Replies (1) of 30712

It's just another rally, not a fresh start Ignore the blather about how the stock market has hit bottom. The current uptick in stocks is nothing more than a huge bear-market rally. Unfortunately, there?s still plenty of trouble ahead. By Bill Fleckenstein He continued: "This completely explains the consumer-spending binge that has held our economy up. What in the world is going to happen when debt-strapped consumers have to retrench for years to get their debt levels back in range? Find a good mattress, because what worked for our grandparents will work for us. We misallocated a ton of money in telecom, and the mess from that is still being cleaned up. Now we have misallocation in real estate and consumer debt, and we will see a decade ahead of trouble." moneycentral.msn.com

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