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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (25395)	1/11/2003 8:36:01 PM
From: Little Joe	Respond to of 36161

Frank: I agree with your assessment that the market will return to traditional valuations. In fact I think it will go to lower than traditional valuations and then come back. As for your assessment for the year. I think we are pretty close to an important top. I suspect that will be followed by a serious break down and then we will likely see a significant rally. I don't have any time frame for this sequence, but it is what I believe to be likely. Little joe

To: Frank Pembleton who wrote (25395)	1/12/2003 8:08:22 AM
From: Roebear	Respond to of 36161

Frank and all, Doing some snooping around and was surprised by this news article posted by Jay Chen on BBR thread: insidedenver.com Edit, Also: bakersfield.com I have not seen anything this bad in my area, but noting the tendency of trends to come East from California, I wonder if anyone else has? PS, Anecdote from my area. Friend has stores that cover malls in several counties of my state. Caters to teenagers, trendy stuff. Sales are down worse than anytime last six years. It is my understanding that the teenage trade is one of the most resilient, as teenagers usually spend well regardless of economy. Best, Roebear