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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: techreports who wrote (46386)	9/10/2001 2:33:02 AM
From: chaz	Read Replies (5) \| Respond to of 54805

techreports-- I have been rattled by the unemployment figures...to 4.9 is a big jump from 4.5...that's almost a 10% increase. My hunches tell me consumer spending is headed for a major slowdown, so (if I'm right) don't look for the retailers to maintain their margins. As an aside, I've noticed an increase in FSBO cars parked on vacant lots right here in Orange County. Our local paper now claims that Orange County has become the highest level real estate market in the state...but I know three people who are sitting on houses for sale who have reduced asking prices for lack of offers. There are fewer people in restaurants...and my son has noticed it in his tips. I'm shorting SEBL and BEAS, and considering HD, ANF, and am looking for additional shorts in retail. Hardly GG behavior, but I feel now this will restore some of my capital, which unfortunately isn't mine anymore. Chaz Chaz