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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (46156)	7/8/2003 4:56:20 PM
From: Casaubon	Respond to of 52237

My take is this: if people get comfortable leaving their retirement up to the vagaries of the stock market, this country is going to be in a lot of trouble when the boomers start retiring en-masse. There is no doubt the strategy has been to "scare" people out of their safe haven bonds by lowering interest rates below the inflation rate. Also, I think this is very beneficial to the average borrower. However, I believe the low interest rate environment has pulled a lot of marginal borrowers into the equation. The unemployment situation is going to erode the pool of marginal borrows by making them unable to meet their debt obligations. I wouldn't be an ardent bull until that wave of big spenders has been washed away. Nothing wrong with nibbling, though. <ggg>