durable goods,,,,,,,hurricane ike,,,,,,,my area, we will have to replace everything too eventually.
but i have high net worth people who took a gamble on the march bottom already and called me to ask if they should get out yet.......they are not married to the market,,,,they see it as a passing game,,,,,meantime they are sending their real money out of the country.
you wouldnt believe how cheaply an american can live outside of america,,,,,like a king if he wants for $2k / monthly. (that is nice house and 3 live in maids)
there is very little reason to buy into america at this juncture,,,,,even the r/e market is only 1/3 the way thru the old foreclosures,,,,,,then the next newbies to get wiped out occur.
we can not have a prospering nation by taxing the wealthy/smart/nonguilty so that the nonperformers of our country can feel better about themselves/status................america needs the wealthy to invest in america and the price is going up everyday,,,,,,higher and higher taxcuts for the risk.
Benjamin Graham: "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right"
