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Pastimes : QQQ & DIA - chat & chart
QQQ 611.67-1.9%Nov 6 4:00 PM EST
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To: Chris McConnel who wrote (607)6/20/2003 9:24:11 AM
From: MeDroogies   of 795
 
Interesting, aside from a few areas I shy away from (bonds, utilities), the message he put forth is almost exactly what I've been thinking for the last 4 months. However, I'm probably more bullish over a longer term than he is.

What I found particularly compelling was his Real Estate assessment. Dead on to what I've been saying on various threads here...but I follow that market pretty closely.

The question of servicing debt is the primary linchpin to the overall future of the economy. But I'm optimistic about that. Oddly, while I spent 3 months without a job, I was actually able to SAVE money while the wife worked part time, I collected unemployment, and we cut back expenses.
Now that I'm working (at a nice pay increase) again, we've not ratcheted up expenses considerably, and I've made it my primary goal to reduce debt (hers is to get a new house, which I'm willing to do but only after this interest rate cycle plays itself out...).
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