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To: reaper who wrote (197750)	10/15/2002 8:46:41 PM
From: orkrious	Respond to of 436258

yeah, nothing unless I'm desperate or I can scoop up some unbelievable bargains in RE in a year or two. I have my grandfather's disposition towards debt (depression era). I hate it. <g>

To: reaper who wrote (197750)	10/15/2002 9:44:56 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 436258

"Although the financial news spin today is decidedly bullish, I just don't see the bullish data to support the spin. "Investors giddy on good earnings news", U.S. stocks skyrocket following rosy earnings, etc. just does not jibe with: * additional layoffs from Sun and Lucent, * GM losses, * higher oil prices, * the horrendous explosion on Bali, * more saber-rattling in the middle east, * Waksal guilty of insider trading, * criminal investigations against all the major brokerages and investment banks, * potential bank failures in Germany and elsewhere, * Japan's 10-year mess only getting worse and worse as the JCB buys the Nikkei, * the possibility of outright deflation in Germany but the ECB's hands tied unable to raise rates throughout disparate parts the EuroZone, * downgrades of JPM debt, * insurers' lawsuits over Enron, * consumers overextended, * record personal bankruptcies, * record mortgage delinquencies and foreclosures, * automakers fighting to the death by suicidally offering zero/zero/zero financing, "eating their own children", so to speak, by glutting the market with new vehicles at a loss * "all-inventory-must-go" type going-out-of-business sales by the local furniture chains, * credit cards offers for a free $20,000 cash advance with zero percent interest locked in for the rest of the year and no fee, * unbelievably wide spreads between perceived low-risk treasuries and high-risk corporate bonds * etc. It just does not jibe. What I see through all the rah-rah news is dismal. So something's gotta give. I think it will be the stock market. "