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To: fingolfen who wrote (143004)	9/6/2001 5:43:11 PM
From: AK2004	Read Replies (1) \| Respond to of 186894

fingolfen it does not help that there is a huge foreign money outflow right now Regards -Albert

To: fingolfen who wrote (143004)	9/7/2001 1:15:39 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

Hi Fingolfen & Albert, RE: Actually, the issue ..."it's the economy..." bit. ...Lower interest rates are NOT going to make these people start spending again. Most of their wealth and ability to spend is tied up in the stock market. The stock market is low because sales are low. Sales will be low until that chunk of the population has money to spend again… hence the cycle… and a $300 check from Dub-ya isn’t going to fix the problem. In order to get the economy moving forward again, technology must be selling… either to business or the consumer. Once sales start to increase (or once they start being compared to this year’s dismal sales), the stock market will inch upward. As the stock market inches upward those individuals hardest hit by the drop will once again have some wealth on paper which will increase their consumer confidence… etc. " ------------ Great post. I think the Treasury Department may have recently published a report that suggested consumer buying confidence is not tied to the performance of the stock market, but to layoffs. I wasn't comfortable with how I felt the writers seemed to be dismissing the importance of the stock market (maybe I misread the report.) I wanted to know their assumptions, input variables, and analysis methods. Your post seems to ring true here in Silicon Valley. With (I think) a bit more than 50% of American's invested in the stock market, how can it not ring true elsewhere too? Albert, did you find the outflow of foreign money? Thank you, Amy J