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Strategies & Market Trends : Tech Stock Options
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To: Dwight E. Karlsen who wrote (51298)9/1/1998 9:20:00 AM
From: edward miller  Read Replies (2) of 58727
 
Dwight,

I have read several times that people are using their stock
winnings to spend instead of investing it for the future.
Although I am not crazy enough to do that myself I know of
people who do, and I wonder what explanation you have for
how they will continue to spend lavishly as in the past.

This is an example of people with more money than brains.
Where do you think the Beanie Babies craze comes from? Why
are people building lavish homes that really stroke their
egos but they honestly DON'T NEED. The same goes for the
"Supersized" sport utility craze. What gas hogs! Sure the
price of gas is low now, but this is a temporary phenomenon.
If you were to reflect a bit, I am sure you could identify
other instances of general public financial insanity. This
is not behavior in normal times, this is manic behavior based
on the assumption that the good times will never end.

This down market casts doubts on the upcoming Christmas season.
Many people will be pulling in their spending because they have
enough sense to realize that next year they may be out of work.
You don't have to be a stock market wizard to see the recession
coming. The reduced profits don't show up until the bad quarters
are in the books.
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