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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (51293)	9/1/1998 4:08:00 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 58727

Dwight; RE:" recession " >While I'm not making any case for or against a US recession, I am saying that I don't think that equities are dead. Perhaps they've been dealt a concussion, but it's not fatal. IMO. Well, what are you making a case for, Dwight ? You don't seem to feel that a 1000-point DOW drop in 6 days is serious - so, like - it sure comes across as some kinda denial, man. Take a stand... somewhere: what's fatal ? MSFT misses earnings estimates ? I submit: it will be the collapse of the RLX.X - Retail sector. I haven't lost my faith in America, either, Dwight. And I don't think we're going into a recession, either - I think it will be more like a global depression. You know: deflation, unemployment, falling prices, political chaos, etc. Consumer Spending has been the last leg for the U.S. economy to stand on. As soon as the layoffs start - disposable income goes down, etc., that's when it will really start to get ugly, IMHO. So far, it's just been a stock market crash... a crash, not a correction. 'No exposure to Asia' evolves into 'No exposure to foreign currency devaluations' evolves into 'No exposure to disposable income dependency'. Russia's scary because yeah, we had a lot of loans outstanding, and they got 30.000 nukes. Apparently what happens next is Japanese Banks. -Steve