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Strategies & Market Trends : Waiting for the big Kahuna

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To: Raymond Duray who wrote (68879)	3/5/2004 6:17:43 PM
From: robert b furman	Read Replies (1) of 94695

Hi Ray, Not that bad,unless you think high school is a degree. I just read a report that showed there were more millionaires than ever in USA in 2003. There also are more billionaires. I don't think being a millionaire is what it used to be. Back when treasuries paid a nice 7-8 % coupon,a guy could live on 2-3 million and be a net saver. I have huge sympathy for those retirees trying to live on 2 1/3 - 3 percent on a fixed lump retirement. Talk aboput losing your purchasing power - very brutal. My mother is in that category and @ 84 her expenses are not diminishing. I'm not saying it is right or wrong - it is the way it is. Since I was 19 I worked for GM and juststruggled as they lost market share to the Japanese car makers. Now GM has bought Daewoo thru bankruptcy and I got 10 "AVEO's on my lot that have stickers below 12,000.My past cheapest GM car was around 15,000. Suddenly I'm a Hyundai/Kia car price dealer.I now have an opportunity to get back in the market. You can't fight it - you end up like Oldsmobile-I'm one of those too - nothing in stock anymore.ERG It is just wahat it is - very competitive. Bob Bob

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