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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (21859)	5/10/2001 7:40:10 AM
From: Mao II	Respond to of 37746

M Velociraptor: Your comments could easily be transposed to the early 1990s when debt levels surged to then-unprecedented levels, bankruptcies set records, savings plummeted and the bull market began its most spectacular run. Sometimes what appear to be insurmountable barriers prove to be quite negotiable. What is interesting about the current slowdown is that in the older industrial areas, which would seem to be most vulnerable to hits in the manufacturing sector, have not been savaged to the extent they were 10 years ago. This is true particularly in the employment area. Businesses have cut discretionary spending, and, yes, there is job loss, but it has been hardly debilitating so far. The next quarter or two will tell the tale. regards, M2