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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (54455)	8/30/2001 1:41:05 PM
From: Skeet Shipman	Respond to of 94695

If it develops like Achuthan believes, we will be making new lows sometime. CNBC will have to get some more after rate cut month counters to tell people to buy.

To: Bill Ounce who wrote (54455)	8/31/2001 10:00:46 AM
From: Bill Ounce	Respond to of 94695

USA Today -- Bull market laid to waste as spending dries up usatoday.com Jill Eastman, a librarian from Denver, planned to buy a gas-guzzling SUV and a 32-inch TV. Not anymore. With college bills looming for her 19-year-old daughter and the stock market and economy looking sickly, she's watching every penny. "We're putting off big purchases as long as we can," Eastman says. "We don't know what's going to happen." [...] If consumers do decide to slam their wallets shut, what sectors do analysts say will suffer most? Retailers. [...] Autos. Strong auto sales in the first half of the year had a lot of doomsayers baffled. But now it appears manufacturers have been driving sales with hefty rebates and cutthroat prices. [...] Housing. This is the big wild card. No matter where the stock market is, the wealth of most Americans is tied up in their homes. The real estate market has proved surprisingly resilient. [...] Leisure. Consumers have gotten such a roller-coaster ride surviving the stock market and layoffs that they don't want to pay to ride the real thing. [...] Drugstores. Investors are bailing out as they realize firms such as CVS and Walgreens are more exposed to a consumer spending pullback than previously believed [...] Banks and savings & loans. [...]