Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (240040)	5/11/2003 1:30:26 PM
From: John Madarasz	Read Replies (2) of 436258

When lay-offs come in unending waves, two things happen. Consumers who become unemployed cease to be consumers and those who are still employed start to pull in their horns in fear of job loss. One other important thing happens also Earlie, a person with no job loses the ability to re-finance thier home, and incur the additioanl debt to stay afloat. I seen NO mention at all of this in the mainstream press, so maybe it's not an issue. I wouldn't be surprised to see this bone get tossed on the pyre regardless. In regards to oil, I can only say this...I see the long term charts as very bullish until proven otherwise... stockcharts.com again, no where do i see this scenario being hawked, which gives it all the more creedence imho. Nice post Earlie...as usual. Thxs. Best, JM

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