Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (85744)	11/13/2003 10:13:08 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

mish, I see echoes of bobcor's "canaries" thoughts throughout that article. He makes a lot of good points, all of which are well taken. It's only at the very end that I think he might be speculating a little to far when he says "The consumer spending patterns in the upper middle class are too dependent on the confidence brought on by the overpriced and rising stock market." With that statement I'm wondering to myself just what real people is he basing that thought on. It's certainly not any of the upper-middle class people I know, whose B&H portfolio is still in the crapper from the decline in 2000, and are now working harder than ever to try to something to their IRAs to make up for the time they lost waiting for the market to come back. The people I know are as convinced as anybody that the worst is not over, and they are not spending frivolisly in any way I can see at all. He might be basing his theory on theoretical people rather than real ones. A minor point, to be sure, but nevertheless it shows that he might be stretching his analogies a little.