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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (9156)	11/29/2001 11:21:56 AM
From: vampire	Read Replies (2) \| Respond to of 99280

one problem with your statement is that the stock market has fallen a lot since 2000 and yet consumer spending has increased - as Zeev has said, this isn't a "consumer led" recession

To: DebtBomb who wrote (9156)	11/29/2001 11:25:53 AM
From: sylvester80	Read Replies (3) \| Respond to of 99280

That's BS. The majority of consumers are not even in this market anymore. Why do you think consumer confidence continues to plunge? And to add to that a large number of consumers not only lost their jobs but their retirement as well. There is no money coming in to invest. And anyone who's still holding stocks in their 401K is in it from much much higher prices (ie. JNPR at 100, 80, 70, 60 etc... not $9). You are assuming that Joe Consumer bought at the absolute low for their 401K and that is a 100% wrong assumption. If the FED is concerned with the stock market then their concern is to enrich the big fat cats not Joe consumer. JMHO.