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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (14627)	9/20/2002 7:08:22 PM
From: robert b furman	Respond to of 19219

Hi Stomper, As a new car dealer ,I can tell you that many people would love to trade more often,but they're upside down on the trade.That condition is prohibitive and stops the transaction. In reality,about 20% of all debt applications are refused because there is no equity or the financed balance requested is too high for the bank to buy the paper(too high a risk). This is problem for a remarkably high percentage of potential buyers.I was dumfounded when I learned how many people are totally buried with debt.These low rates are a godsend savings for the average J6Pack. Investors are the opposite of this kind of consumer, and they often don't know how exceptional their discipline is. At any rate the low interest rates help the spenders and actually hurt the savers. JMHO Bob The fact that they are in an equity position will enable them to trade as they wish,not when the bank accepts them,as they roll over the old debt. This is a huge plus for future robust consumer spending.