Rande and all, something I have been thinking about
for a long time is just now getting some attention, the type that is serious. The banking sector is in hot water from the FDIC, banking regulators, etc. The reason is the abandon with which they throw money around, like the 125% mortgages we talked about a year ago.
Well, the piper is calling, and a growing number of banks are eating huge losses as borrowers walk away from these loans.
If the banking sector needs another public bailout, what do you think the fallout will be this time?
My guess is this will become front page news in the near future. Profit from it.
Oh, and this was a nice bit of wisdom. Did anyone follow me and short the pants off the averages?
To: Rande Is (13288 )
From: William Jepsen Friday, Oct 8 1999 4:13PM ET
Reply # of 13466
Rande, the QQQ and other index "pops" at the eod is a pattern I have watched many times going into options expiration week, which is next Friday. And if the pattern holds, we will see a dump sometime next week, usually later in the week, but it may happen anytime.
>https://www.siliconinvestor.com/readmsg.aspx?msgid=11491143 |
