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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (75829)	12/16/2006 4:04:40 PM
From: kris b	Respond to of 110194

yes, look at Nordstrom flying while Wal-Mart crashes. Don't worry Nordstrom ( their stock is going sideway since the middle of November, so sales aren't that great) will crash in due time too. If I am right about the severity of the recession nobody will be spared, even the rich ones. Especially that all their wealth is tied in financial assets, so 50% drop in indexes, RE will hurt them too. At the end the rich will still drive their cars (Toyta rather then the Mercedes) while Brazil Americans will take the public transit to work. Great for the environment. Who said that the nice depression doesn't have positives too.