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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (10481)	10/30/2002 1:28:49 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 57110

and a fine rant it was.:-) There are a lot of things that point to some sort of bottom. For a variety of reasons, which you no doubt are aware of, I have a hard time swallowing it.

To: J.B.C. who wrote (10481)	10/30/2002 1:32:13 PM
From: Oral Roberts	Respond to of 57110

I agree with everything you say but my area is worsening. That also doesn't mean much as downturns, fashion, etc start on the coast's and work to the center. Not unheard of for us to be just really digging into our down phase as the coasts are bottoming and perhaps even ticking upward.

To: J.B.C. who wrote (10481)	10/30/2002 1:55:04 PM
From: AugustWest	Read Replies (1) \| Respond to of 57110

All I know is that the screen below is green, again* ,* Jim, don't mistake a (bear)market rally for an economic recovery. Have we seen the massive pain that was predicted in comparing this market to 1929. That's because we haven't, IMHO hit the ugliest part of this economic(or market) cycle(or K-winter if you like) When I hear 6.4% unemployed, I think about the 93.6% that are employed, By that rational would you say then any unemployment figures under 50% would be healthy? Does consumer debt matter? I don't know, but this much I know, consumer debt has been an "issue" since I was a kid in the 60's. In the 60s, for the most part, people went into debt to buy houses and such. Not to live beyond their means on CC debt. Further, they also saved. As of 1997, spending finally tipped the scales to the point that now, the "average" household spends more than they earn. Jim, I appreciate a good debate as much as the next guy so don't take this post the wrong way. I'm just in it for the debate.