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To: sea_biscuit who wrote (24088)8/28/2001 11:38:46 PM
From: uu  Read Replies (1) | Respond to of 25814
 
Dipy:

> A typical example of the exuberant consumer is Addi, who has probably never seen anything other than a blue sky (and an occasional dust devil at the most).

Funny you should mention this, as I just celebrated my 40th birthday 3 days ago!

In 1982 (the start of the current continuing bull market) I was a Junior at University of Minnesota trying to decide whether I wanted to finally become a doctor or an engineer! When I graduated 2 years later in 1984 (as an engineer) no one would hire me. Excuse was because of my lack of practical experience as an engineer, however the reality was corporate slow down as a result of an economic bust. It took me almost 8 months after I graduated to find a job as a software engineer with an annual salary of $17,500 (and just to put things into perspective even then a secratary was making more money than I was)!

Now I compare myself to the newly graduate I was trying to hire when I was a manager at a large and famous corporation just 3 years ago. I made a $80,000 job offer to a 22 year old computer science graduate (fresh out of college) with $5,000 sign on bonus plus 1000 stock options, and she refused accepting it! Someone else had made a better offer to her!

So who knows you might be right. The majority of consumers may have just seen the blue sky for which they are from my generation (and younger). Yet, I do not believe for one second that the sky has turned into a pile of black clouds. Things are still ok - eventhough 22 year old frsh college graduates may not get $80K job offers that easily everyday (for the time being anyway).