Canadian vs. US Banks--Better PE and rising C$ Message Board

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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: Steve Bevington who wrote (16)	4/5/1997 2:51:00 PM
From: Mr.Manners	of 230

Hi, Steve, I know what you mean.. there ought to be more postings on such volatile issues in an interest-rate inflamed environment.. who would buy such high priced issues, unless for the dividends.., in the state of this market? Did you hear the Dallas Fed Chairman muttering about another rise? And the numbers in Canada, plus the U.S.A., plus Greenspan's comment about growth being inflationary at 2.5%, and we come up with 4%? What gives with the markets ignoring it all? I like the US banks for a tank, particularly WFC due to its high p/e, 23.??, cash position, etc. And I like the Canadian banks for more aggressive growth in regards to their area anyway.. but there is the low dollar, and the possibility of Japan repatriating some of their cash from the US bonds what do you think for the market next week, and the factors involved? Do you watch CNBC? If so, the Strictly Business program on tonight? I think Jimmy Rogers is completely the most knowledgable and active money maker I've ever read and heard talk.. even though he's allowed himself to be portrayed as the lone wolf amidst the 'poopulation' of so-called sanity and 'real' opinions K.

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