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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: fishweed who wrote (7347)	3/15/2002 4:18:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

The following is kinda funny, and it shows how silly things have become. Remember, "real interest rates" are sky high, but few understand what those words mean.. From Prudent Bear> ""I, like everyone else, have been waiting for the consumer to roll over. Maybe this is the first indication of that. But the question is not when Joe Sixpack is going to start acting responsible, retrench and quit spending more than his income. The American consumer has proven that he is financially irresponsible and will spend whatever amount is lent to him. So the real question is when will Household stop financing Joe Sixpack?s purchases of a HDTV at Best Buy, and how long will Ditech keep refinancing inflated houses. Mortgage rates are staring to tick up. Increasing rates will likely slowdown the refinancing turning a tailwind into a headwind for the economy. But consumers have been known to refinance at a higher rate just to have access to cash. This mentality has started confusing people on what is income. An article published yesterday by Bloomberg that discussed how the tax refunds are helping the economy included this line: ?Moderate-income households have a larger proportion of their assets in homes, a source of income through mortgage refinancing.? A source of INCOME? No wonder consumer credit has grown at such a rapid pace when filling out a pre-approved credit card form is viewed as getting a 10% raise. Now that is funny!! Technology continues to bottom, and will likely to continue to bottom for the near future. This week Lucent and Nokia announced that revenue was getting harder to come by than previously anticipated. Nokia said while its handsets were on track, its infrastructure sales will be down 25% year-over-year. Just six-weeks ago Nokia thought sales would only be down 16%. Lucent?s developments sound more dire for the telecom industry. Revenue will grow a ?modest to 10%,? even though growth of 10% to 15% was anticipated just three weeks ago. Profitability was pushed out to 2003, from 2002."" 64.29.208.119