Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (2545)	3/11/2001 7:52:13 PM
From: StockOperator	Read Replies (2) \| Respond to of 52237

Thread, Silicon Summit II is on one of the CNN channels in about five minutes (7:00pm est)

To: StockOperator who wrote (2545)	3/11/2001 8:03:49 PM
From: JRI	Read Replies (2) \| Respond to of 52237

SO- I'm thinking, that increase in consumer debt in Jan. (that 12% advance...incredibly high...unsustainable...on top of a large, existing debt balance) was the "blow-off top"....at first, after folks have waited for stocks to come back (and they don't)....one- denies reality- tries one final push of the consumer debt button to make things right.....one more trip to the happy farm........THEN, comes the eventual "reality" phase....."time to sober up!".....and the pullback in spending.... I think we are going to see some big-time pullbacks in consumer spending coming up- despite the pump priming...corporations have already faced reality (logical, that they would face reality first...) Old habits hard to break....in this sense, i think we will see some (but not all) of the psychology of 90's Japan at work....rates going lower, but many folks not biting (on consumer spending)...