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Originally Posted by B R
another point of view:
we had a tremendous slowdown in the economy over the past 5 years, since 2001 (at least that's when i started feeling it in the stock market). maybe it's just taken a few years to trickle down to peoples vacation dollars. when it's just a year or two, it's easier to ignore. but when it's been a tough 5 years, how long can people just ignore the problems. their earned income just isn't streaching as far as it used to. and over the years its compounded into a problem. add to that income in the stock market has turned to losses in the market; 5 years ago gas was gas was $1.70 or so ( http://www.randomuseless.info/gasprice/gasprice.html); 5 years ago you thought your house was going to appreciate at 5 - 10% a year. maybe it's just a normal cyclical trend.
in 1987 we had a stock market correction of 20% across the board. that was followed up in 1989 - 1992 with a 20 - 30% correction in the housing market. could we be sitting in the new "1990" with a couple of years left before we start seeing things improve? |
You guys need to fire your brokers, (or maybe hire a good one).
S+P is a couple of hundred points short of all time high,
same for the DOW
http://finance.yahoo.com/q/bc?s=%5EG...=off&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=%5ED...=off&z=m&q=l&c=
since 2001, housing prices on the lake have close to doubled, (my take anyway). A small correction is probably going to happen, but who cares. Gas prices have gone through the roof, probably due more to hype than anything else. The gas prices probably have had a huge impact on some peoples vacation plans. While it may only be "9" extra dollars to fill that tank, some people are worried and hurt by the prospect of having to pay that extra $9 many times a month.
Personally, I've been enjoying the peace and quiet and honestly, I don't think it is down that much from last year.