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To: James F. Hopkins who wrote (47354)1/27/2001 10:00:27 PM
From: Monty Lenard  Read Replies (2) | Respond to of 77400
 
Jim, I have to agree on all counts and you know me well enough to know I have been short term for about a year now.

I keep thinking about Japan and comparing the Naz chart to the Japanese market in 1990. Very similar patterns plus the fundamentals suck.

I just grab what I can and if they whip me out I make em pay double the next trip. That way I participate in the rally but at a safe distance until and if it proves itself.

You are right about the slow rate reductions. People usually will not commit anticipating lower rates. I have seen this over and over with the consumer. They hold off then if the rates spike just a bit they jump in. I am seeing the effects of his rate increases in my clients financials. Took this long for it to appear.

Monty



To: James F. Hopkins who wrote (47354)1/27/2001 10:08:24 PM
From: RetiredNow  Read Replies (2) | Respond to of 77400
 
Well, I'll tell you this much. My wife and I just bought a house. I knew rates were going to come down, but I didn't want to wait. I'm mean who cares whether I get 6.75% or 6.25%. We'll probably be out of our house in 5-7 years anyway. I think most people don't put off large purchases like that just to wait for rates to come down further. Professional money managers and companies, maybe, but not mom and pop middle America. Just my two cents.


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