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To: pocotrader who wrote (46813)8/10/2007 10:44:04 AM
From: E. Charters  Respond to of 78430
 
Long term fundamentals have not changed. Real business is good. Real profits are good.

The 1920's craze was a paper bubble driven by 10% margin.

Every time they overmargin, as they did with the mortgage backed securities, it comes a cropper.

What this slide points to is the fact that the basic retail market has always been thin since 2002. But that is a good thing now. Non retail markets bounce back a lot faster than retail would.

EC<:-}