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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: Jon Khymn who wrote (609)	6/20/2003 9:45:30 AM
From: MeDroogies	of 795

Better/worse....it's all relative at this point. Better from 6% unemployment? I don't think we'll get back to 4.8, but that was artificial anyway (how many people were working just for options?). Theoretically, some of those people who lost their .com jobs made more on unemployment than they were actually taking home when they were working...LOL. I still think unemployment could get back to 5.8-5.6, which is pretty fantastic by any standard. At the height of the bubble, I told friends that the "pivot point" of investment would be the 6% range of unemployment. Much higher, and 401(k) money starts to slow down dramatically, and above 7% and you'll see hardship withdrawals. Manage inflation and unemployment and we can putter along at 2.2% growth and things won't be so bad. They just won't be great either. Sadly, when you get an overpumped economy growing at 4% a year, you get spoiled and expect too much. Being older, I have more realistic expectations, since I've seen fire and rain (high inflation/unemployment/interest rates). Boy, the 70's sucked at so many different levels.

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