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Non-Tech : JP Morgan/Bank of America/ High Flyers
JPM 309.44+1.3%Oct 30 3:59 PM EDT

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To: The Insider who wrote (19)3/31/1997 2:03:00 PM
From: Phil Tran   of 81
 
To All:

Bank stocks (and most financials) have been hit hard since fed fund rate went up to 5.5% last week. When will the bloodletting stop?

I believe after a good unemployment report (meaning expect more unemployment, and rate to be 5.4%) this Friday which will alleviate fears of another rate increase, banks will come back up to the highs.

Will someone else share their views?

PT.

(Been following BAC and CCI)
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