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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: The Devil Dog who wrote (45926)	12/3/2000 1:08:33 PM
From: CharlieChina	Respond to of 62348

I enjoy your pokes ... but would prefer them more from Lola ... she has softer skin ....

To: The Devil Dog who wrote (45926)	12/3/2000 2:33:31 PM
From: couldawoulda	Read Replies (2) \| Respond to of 62348

Wayne - What worries me most about the next couple of weeks is that we are again embarking on pre-announcement season. We have already witnessed some sobering announcements from companies in the pc sector - Gateway, Altera, Micron - stating that the initial stages of the U.S. holiday season was/is grim, and the retail sector as a whole may take a bit of hit due impart to the tremendous amount of wealth being stripped away from the markets - people are going to be far less willing to spend as their investments are being kicked around. I know for one that my own holiday spending is being capped in a more conservative range due largely to the whole Nortel carnage I was subject to recently. Anyway, market directions are mostly dictated by the retailer's (you and I) spending habits, and any kind of precipitous decline in spending will more or less have a domino effect and eventually spread to those big businesses that are thriving further down the "retail" chain, because as you know, every business has it's own place of reliance/importance somewhere along chain. Consequently the need for the expansion of technology in particular while obviously warranted will no longer be driven largely by a "want" factor in the interim. I think it's time for the consumer to play catch-up here and in turn begin setting the parameters effectively for the next "bull" market. So what to expect in the coming years imo.? Another big leap in technology as people are feeling no real need now to pour more money into upgrading current technologies which merely serve to speed up the latest conveniences by a few seconds; technology will therefore be relegated to taking a back seat now as the advances that are currently being made will likely be shown to "slow" in order to bring the whole supply/demand ratios in check - ie. technology is dictating consumer spending habits vs. the other way around. There is an enormous backlash now in the markets already because of this - the hype surrounding the so-called "new economy" businesses far outstripped consumer need. I don't suspect it will take long for the consumer to play catch-up, and when the consumer does, something revolutionary will be ready to come to market which will set the cycle experienced over the last three or four years in motion again. Am I rambling here? Anyway, the economy is slowing for sure, and how much of an effect it will have on the market as a whole is hard to say. I do believe there is more carnage to come however. I am not necessarily in Nicholas' camp on this one, but the markets are setting themselves up to shed more percentages in the coming months. As a day trader, it shouldn't really matter however just as long as a defined set of trading rules are rigidly adhered to which leads to the next question - why are we talking about this on this thread anyway? I know, it's all Nicholas' fault. Have a good day.