Tuesday, 10/29, Market WrapUp (Consumer Confidence Plunges)

Financial Sense Online ^ | 10/29/2002 | Scott Middleton

[rohry]

"Show me the quote where I predicted lower bottom."

I'm sorry, you misunderstood my post. You predicted a bottom in July but we went to new bottoms in September-October...

[Always Right]

I'm sorry, you misunderstood my post. You predicted a bottom in July but we went to new bottoms in September-October...

Yes we did test my 7500 bottom as I said earlier, but the level was unsubstainable and the market shot up a remarkable 1000 points in the next few days. If that is the only time we go outside my predicted trading range for the year, I would say I did pretty well.

[Darnright]

"Also, it seems that new car sales are looking weak even with zero percent financing."

Even with zero percent financing, you're still looking at taking on a $400.00 or more monthly payment for the next 60 months. Too many people have lost jobs recently, and folks are worried they may not be able to make such payments in the future.

[Always Right]

Oh baby, I got to save this one.

I hope you saved this one, because I was dead on.

[arete]

Relax, you are getting way too obsessed and stressed.

Richard W.

[Always Right]

Relax, you are getting way too obsessed and stressed.

Relax? I am having way much fun pulling up some of the gloom and doom stuff you have posted in the past. What ever happened to those 'How Low can it Go' posts? There is lots of classic stuff out there that needs to be recalled.

[arete]

Relax? I am having way much fun pulling up some of the gloom and doom stuff you have posted in the past. What ever happened to those 'How Low can it Go' posts? There is lots of classic stuff out there that needs to be recalled.

Go for it if that's what floats your boat.

Richard W.