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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: bill meehan who wrote (93811)	4/13/2001 10:03:25 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

bill, could you rationalize your buys on fundamentals? or did you buy mostly on TA seasonality and some fundamentals. As a side comment 6 years ago hotels outside the big cities were changing hands at around $20,000 a key they went up to over $50,000 in few years and now they are back at same level. Haim

To: bill meehan who wrote (93811)	4/13/2001 10:17:54 AM
From: Mike M2	Read Replies (1) \| Respond to of 436258

Bill, don't worry TV stars cannot be banned it's in the thread by laws -g-. I expect a steady deterioration of everything for the rest of the year and beyond. The disappearance of the wealth effect will hurt corporate profits and personal consumption. At some point the consumer will once again embrace the virtues of thrift, providence and industry ( Ben Franklin). They will spend less time trading paper and surfing the net after they have lost enough and begin to save once again. Many people underestimate the impact of low to negative savings rate had on economic activity - a return to more normal savings rate will be a blow to the economy. Mike