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

To: retiredcfo who wrote (14446)	12/19/2001 5:56:38 AM
From: LTK007	Respond to of 99280

rcfo,but how can this matter be dodged?i myself do not see it going away.This quote from techie's link is the key element i myself keep harping on(nag nag nag:),as i think it is what makes our present situation quite different and keeps the market battling to climb an extremely slippery slope. <<<Overall consumer spending has remained relatively robust largely because of 0% financing deals by automakers -- which are ravaging their bottom lines and hence aren't sustainable. Beyond autos, there is little positive news. The Conference Board's November consumer confidence index slid to 82.2, an eight-year low. Based on early data, retailers expect that this will be the weakest holiday season in a decade. Finally, consumers remain heavily indebted. In every previous recession, consumer installment debt as a percentage of personal income has fallen sharply. Currently it's a near-record levels. (Hickey)>>> end quote---and that is the heart of the matter,imo.Max