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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (70373)	2/24/2001 5:32:10 PM
From: tony	Read Replies (1) \| Respond to of 99985

JRI, In my circle, nobody bought costly gadgets based on equity in the house, even though the price they paid for has atleast doubled, if not trebled. In my own world of random sampling, I have seen consumption strictly tied to stock market. Most of the people have what they need including late model cars and latest computers. If they make money from the market then they will buy more fancy electronic gadgets or even newer cars but no money from the stock market, they can cut the consumption of these goods drastically. I think this time is different more like oil embargo when cost of energy shot up, with so many lay offs, most of the people are not going to buy. Once the energy prices, come down and lay offs stops then consumer confidence will start building up. I personally think, we have a problem as there is an excess capacity.