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To: GST who wrote (138865)	2/7/2002 11:20:10 PM
From: Glenn D. Rudolph	Respond to of 164684

I was referring to most retailers. The stores selling apparel and other products intended to be trendy are not doing well. Gap would be a good example. The basics but yet not the real discount type store like JC Penny are doing quite well. In talking with many consumers, people want value although they are not looking to buy purely junk. They are not paying for high end brand name products. I would not look for a store like Macy's to do well. Sears is likely doing fine in apparel but they are so dependant on major appliances, I do not know how they are doing in total. The consumer has money. Possibly, it is borrowed money like using credit cards. They are willing to spend it but cautiously.

To: GST who wrote (138865)	2/8/2002 9:29:38 AM
From: Oeconomicus	Read Replies (3) \| Respond to of 164684

GST, you may have missed it in all the noise, but all the economic data release this week points to recovery. Unemployment claims, factory orders, productivity, auto & truck sales. While investors and the media are obsessed with Enron and accounting "issues" ("issues" really means "things we don't understand because we were English majors, but we can never admit that so we call it an issue"), the real world just keeps on plugging along. One day, the markets and the media will look around and find that the country has moved on without them. Bob