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

To: eddieww who wrote (15511)	12/11/2002 2:26:23 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 19219

ah you may be right... I was extrapolating (probably incorrectly) from this post... It's not an adjustment. It's 10 Trillion dollars of wealth wiped out that people are having to adjust to by cutting back on spending. Some of the wealth shortfall has been made up for by borrowing so far. But now the country is all refi'd out. Message 18324270 Believe me, I know a lot of wealth has been wiped out, not to mention a ton of sweat equity which imo is even worse than losing cash. I just happen to think the lifestyle "adjustments" required to deal with this have already been absorbed into the economy for the most part. My problem is I live in SV (sounds like you do too) so its a warped picture I know. BTW I just read the savings and loan scandal in the 80s cost 1.4 trillion. We have had nasty financial scandals and recovered before. Lizzie