The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (187351)	3/1/2009 12:06:34 PM
From: Smiling Bob	Read Replies (6) of 306849

I went food shopping this morning. Noticing today and in recent weeks a HUGE number of price cuts, discounts, in-store specials, and coupons. Went to the mall last night. Shoppers were few and far between. Mostly teens wandering. But stores are heavily competing for your dollar. Restaurants are promoting prices. All in all, if lower pump prices hold, the consumer will be back in force by Xmas. We even had a decent day at the store yesterday. First Saturday in months with respectable sales. Aside from those fearful of losing their jobs or savings, there is some pent up demand. Considering the horribly depressed levels of confidence and the mkt, the 12 month general economic horizon favors marginal upside with bumps. Still think in the meantime, we're tasting and bottoming at Dow 6300-6500 sometime in the next few weeks. Short of 6k targets seen elsewhere as bargain hunters say enough is enough. Banks are penny stocks. Just need to filter through some more cocky consumer-based stocks a la AMZN first. When these defiers of gravity finally sell-off, we can start wading again.

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