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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%Nov 20 4:00 PM EST

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To: James F. Hopkins who wrote (24634)9/2/1999 7:27:00 PM
From: Haim R. Branisteanu  Read Replies (1) of 99985
 
James do not expect a rise of over $1 in the XLF within the next week. I will bail even sooner. Banks are due for a dead cat bounce, that's all IMHO.

The market is very sick and if it will smell slowdown the center banks stocks will go down the toiled due to their commercial loans and credit card debt which will be difficult to securitize.

I remember P/E's of 4 and 6 on center banks.

BWDIK
Haim
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