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To: Charles P. Hubbard who wrote (105533)5/30/2001 12:10:46 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
I'm still short target --

I've been just plain wrong, Charles. I thought the consumer would clam-up, get nervous, quit spending beyond his income ... hasn't happened. It will. I pulled the plug some time ago on KSS for a loss ... still nicely ahead on a number of hit and runs on that one, but it may be a little while longer before folks get nervous and pull back.

I think recent weakness in new home sales may be an early indication. The shrinking deficit time before last didn't turn out to be it -- it grew again recently ...