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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Timetobuy who wrote (34894)	4/26/2002 12:03:52 AM
From: bobby beara	Read Replies (1) \| Respond to of 52237

That Glenn Neely said that last month too. Who knows? He might be right and he might be wrong.<<< I don't see that scenario at all possible unless unemployment all of a sudden falls out of bed dramatically (i mean off a cliff) and the same with real estate values. There was a huge bubble in real estate in the late 80's, the one problem for the bears here, there is no real estate bubble now, at least not like the 80's, there may be some rising prices, though nothing that could be compared with the ra rah real estate 80's. Money's in the stock market are descretionary income for most american's, they don't depend on their 401'k for the next payment on tuesday's hamberger or friday's mortgage payment. What the bears need for a crushing blow to the US economy is to get real estate going for prices, like the Emperor's Palace did in Japan in 1989. Then you have banks carrying a boatload of overvalued paper, that is not just fluff & puff money, but money people have to pay every month.