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To: long-gone who wrote (16284)8/21/1998 8:10:00 AM
From: Bobby Yellin  Read Replies (2) | Respond to of 116774
 
wow..I just read that article..people paying cash.. one of my friends in the car business told me something interesting a month ago..
I thought most people were buying on big credit..boy was I wrong..he said that so many buyers were coming in and paying cash...
in ten or fifteen years the general market will be higher..a lot of money is in retirement funds.. people will just dollar cost average..
even if the market takes a huge swan dive..it always comes back..
a friend has her money with Merrill Lynch..her broker took her out of the stock market very recently along with the rest of his clients..
her profits are locked in.. wonder if she is going to buy a car for
cash..
there is such an incredible wall of worry now with no recession here in sight..interesting times!
ps.. a lot of people are still being laid off which should interfere with rising wages..
If the market totally collapses..can you imagine the potential global unrest as if it isn't bad enough.. (hope you don't get what you can't wait to get :>)