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To: Robert Scott who wrote (24)5/19/2002 1:26:27 PM
From: Patrice Gigahurtz  Read Replies (2) | Respond to of 81
 
I too am amazed that people are willing to pay $1.70 for gas and the malls and eateries are full too. So we're not in any depression that's for sure. But they are not flying as much and they seem content sticking to within driving range. They also seem content with old cell phones and maybe have put off buying up to a new home. My concern is what effect will higher jobless claims have on their mood ? Surely the jobless numbers will be going up not down any time soon. I would say the consumer stocks are good bets but they are not value plays at this point. The value plays are at scary low levels and I have a bunch of them (SUNW. CSCO, JNPR). Not sure when and if the strong consumer will be able to help my batch of stocks.



To: Robert Scott who wrote (24)5/20/2002 3:01:28 AM
From: Steve Lee  Read Replies (1) | Respond to of 81
 
"The jump in retail sales in my opinion was no fluke"

Do you know what the retail sales increase would have been if oil prices had been constant between the two periods? Would it have been a positive number or a negative number?