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To: marginmike who wrote (42658)6/20/2002 1:48:31 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
There's evidence that consumers are pulling back (a couple weak months of retail sales recently), and sub-$50,000 income consumers led the Michigan survey down on Friday, which means that worry is growing about the real economy, not just the stock market. Consumers tend to pull back when that happens. I think housing starts are a lagging indicator, aren't they, because they reflect contracts signed previously?



To: marginmike who wrote (42658)6/20/2002 2:18:08 PM
From: AllansAlias  Read Replies (4) | Respond to of 209892
 
Still watching and waiting for that new low as we continue to mark time going sideways.

We all know were headed to NDX 300-500; we've been saying it for almost two years now. I am not asking that we get there right away, only that we get this silly leg over with. Let's get the "deeply" part done and stop this childish pain avoidance -g; it's like the kid who would rather suffer a toothache for days than go to the dentist.


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