"Did you spend more or less than when you were employed?"
Send more time listening to what is being said and less to your own thoughts...
"When I have been unemployed, I relied more on credit then I did cash. During those hard times, I had relied upon my Mastercard to see me through life."
Means the poster spends more on credit and less on cash the way I read it.
I totally agree with your points.I think MA will make most of its gains during Christmas shoppping season which starts around Mid October and ends in late Decemeber.You will see the big shots on CNBC saying "next up, which companies will benefit from the 2006 Christmas shopping season"..blah..blah..blah... it's Mastercard...tons of serious sideline cash held by the big institutions and hedgies will eventuualy finds its way in MA stock....those who missed out on GOOG,CME and HANS run have the potential of redeeming hemselves with MA..jmho.
"Their is no way that lower consmer spending will not eat into MA revenue... do not understand that to mean it will be decimated. Simply that growth will be flat at a minimum."
Did I miss something? Was there a nuclear war recently? Believe me, people are still out there spending away. Some dont even know what is going on in the stock market and simply dont care.
Again, please read the news. We are going through the Bernanke Panic. When the stock market crashed in 2000, the interest rate was at 6.25% and stock valuations were vastly overinflated.
If you look at the P/E ratio of the S&P500, Nasdaq and DOW back in 2000 vs today you will find much more conservative figures today.
Here is a little advice. Its a great summer out there. Calm down and get a breath. Take a walk. The world hasnt come to an end. The US is not going into a massive depression.