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To: patron_anejo_por_favor who wrote (113494)7/19/2001 2:15:02 PM
From: pater tenebrarum  Respond to of 436258
 
the lumber rally also died, since you mention HD.

yep, the consumer IS closing the wallet, and that's why i keep saying the service economy's going to tank next...discretionary spending like e.g. dining at the restaurant gets cut, and that will lead to far sharper rises in unemployment than we've seen so far due to the manufacturing recession. vicious cycle dynamics at work.