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To: marginmike who wrote (134669)	11/15/2001 4:23:32 PM
From: yard_man	Read Replies (2) \| Respond to of 436258

I would suspect Art is not indicative of economic trends overall -- since that is the purview of the wealthy. Autos have had the application of a defib -- should be good to keep the patient alive for one quarter -- then it's back to ER. Real estate tops clearly take longer to form -- you need to look at what is happening on the low end and that after long rate reductions have petered out as they are doing now. It will be a lagging indicator ... That said -- I fought the tape and the tape won ... There may be another month of this, but I doubt it. The severity of the contraction will be apparent in the 1st quarter of next year. The idea that there could be a recession particular to businesses or even the common idea that consumer spending drives the economy is not just f'n ridiculous -- It's just plain wrong. You may have to wait a little longer to buy a distressed property in that range. Man that must be tough <vbg>