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

To: Wyätt Gwyön who wrote (47294)	9/30/2001 4:56:14 PM
From: RobertHChaney	Read Replies (1) \| Respond to of 54805

Mucho excellent points. people will get it when they lose their jobs and can't find another one, most likely. most people don't have significant funds in the market, but job security has remained good. if that starts to change (as indeed there are some signs) consumer confidence will surely follow. Everything I am seeing and hearing tells me that unemployment is in the process of GOING BALLISTIC. And just as scary, I recently saw a survey that showed job offerings in help wanted adds had fallen to their lowest level since the early 1980's. i think you could say the same thing about the stock market. most people still don't get it--the good times, the "easy money days" are over. I agree completely! that's why i think it will take another 5 or 10 years to sufficiently dampen the speculative spirits and bring the market down to attractive valuations. quite a bit like japan in THAT respect. I don't have a clue about the time period. But, IMHO, valuations have to come down soon or later. Robert