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

To: J.T. who wrote (16525)	3/21/2003 1:48:59 PM
From: yard_man	Read Replies (1) \| Respond to of 19219

I don't mean to irritate you, JT. Just discuss your reasoning -- I hope I haven't been offensive. Why not discuss? >>People have refinanced their homes 3 times in the last year. They have more disposable income. They are taking out second mortgages at 5 and 6% to consolidate credit cards at 18 - 20%. I refuse to underestimate the optimism of the American consumer and entrepreneurialship of the movers and shakers in this world << You assume consumers are going to increase debt to fuel more consumption and that this will stimulate the economy?? IS that the gist of it?? I've only ref'id once -- was too slow last week or I'd have done it again, but only to reduce the term -- like the first time. I'm probably an abberation. If re-flation -- inflation works and debt interest payments can stay really low -- I can see that folks would be willing to consume even more at the expense of their balance sheet and long term financial health, but how does this support growth going forward -- just seems like one more dose of drugs for a junkie to me -- what specifically, am I missing??

To: J.T. who wrote (16525)	3/21/2003 1:53:00 PM
From: bruceleroy1_-	Read Replies (1) \| Respond to of 19219

<I have mentioned this before, but my cyberbuffoon friends like patron anejo por favor, oldirtybastard and brucelroy mocked me with Nostradamus theories. No mas'.> hohoho We'll see who the real baboon is. I wasn't the one calling for the meltup since january 2002. I haven't been the one coming out on all rallies since then making the same call yet here we are today and we still haven't even taken out the january 2003 highs in the indices and it's another meltup call. Can you say broken clock? Abby Cohen? Joe Battapaglia? gilligan's island? rerun?