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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (8797)9/12/2001 7:25:35 PM
From: KyrosL  Read Replies (1) | Respond to of 74559
 
AS,

do you have savings? If you do, the patriotic thing to do right now is to immediately spend it, preferably buying lots of American made goods.

Do you have any remaining equity in your house? Go out and get an equity loan or refinance and get maximum cash out, then spend the lot ASAP.

That's what's going to save the economy! Refraining from shorting stocks will at most prop up temporarily the financial markets, and do absolutely nothing for the real economy.

Kyros

PS. However, you better persuade everybody else to engage in that last ditch spending spree. It's no good unless everybody does it.