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

To: mish5000 who wrote (67863)	5/15/2002 7:26:25 PM
From: westpacific	Read Replies (3) \| Respond to of 99280

To me the retail report was negative, as long as Americans are not cutting spending that means it has to still come. At some point Americans have to face reality they do not have a backup plan. With how worthless our money is becoming and buys nothing today - this pain is going to be intense for many folks down the road!!!! We either tighten now and get rid of debt or face a major disaster in this country. It is coming, I have no doubt! It is so hard to become bullish until I see my friends start saving - I know of very few that are smart with their money and know how to save! You would have thought CNBC would at least say this point, my god, American still spending into debt!!! But no, the report was bullish, Americans will not be denied, heck with 50 credit cards - that is a lot of spending power!!!!