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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (10523)	4/8/2002 1:04:16 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

IBM...add another one to the collapsing HOUSE OF CARDS ~ Inch, by inch; step, by step...when, not if... The only thing holding the hopes & prayers of an economic recovery in place is the "still holding" Real Estate/Consumer Spending [read - easy money/easy credit] - Bubble that was propped up via the recent Mortgage Refinance Boom. Defaults & Deliquencies are ballooning beneath the surface. Consumer, Auto & Mortgage Lenders were reckless with credit quality during this boom and they're yet to pay. The Real Estate Bubble will be the next to fall... as unemployment creeps to 7.5%+ by year end imho. What recovery ? ...there isn't one occuring now and there isn't one coming anytime soon... it's was all "hope" and Wall St spin. SHOW ME THE MONEY, OR SHOW ME THE BEEF ? ...there "aint" none ~