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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (189627)	3/9/2009 2:35:46 PM
From: MulhollandDrive	Respond to of 306849

honestly, jqp, we are seeing a tale of 'two consumers' and they are melding into 'one' (lower end) the wmt's, and dollar stores are doing well, while the high end retailers are moribund... this is quite different from the last minor recession we endured when the high end was relatively immune...be very wary when the high end purchaser starts 'spending down' the last time i was in lowe's it was dead as well...and yet most of the restaurants (the ones that haven't already closed), and bars most especially, are doing well this relates to the post i have made in the past about that the timeframe of 'loss of wealth' to take effect in real spending habits... probably the food and entertainment stocks won't hit their lows until the consumer has used every bit of remaining 'credit' available for food and fun....those will be the last stocks to collapse.....considering the affinity of americans for self indulgence <gg>