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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (5959)	12/11/2001 12:25:56 AM
From: Alan Smithee	Read Replies (1) \| Respond to of 23786

Part of that debt load occurred from the fantasy of the "wealth effect", consumers/investors incurring debt based on the sense of financial well prompted by those outstanding 'gains' in the quaterly retirement accounts. I've seen something similar first-hand in high-tech employees who have decent salaries but who historically received substantial option grants. Many of these folks bought second homes, or very expensive first homes, or boats or [fill in the blank] based on the expectation that the options would make up the difference between salary and payments to service the debt. Now, with most options underwater, a dose of reality is creeping in.