MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Matthew L. Jones who wrote (30040)	10/16/1999 2:46:00 AM
From: Madharry	Read Replies (1) of 99985

I think that most people have lost sight as to who AG was addressing when he made that speech- Banks and the people who monitor those banks. Sure people can do what they want with their own money. But if the market does crash and a long bear market ensues, how many more banks will have to be taken over by the Feds and at what cost to the taxpayer? How many private banking loans are there out to people based on their net worth which is concentrated in the stock market. If the market drops by 40-60% will those loans still be good? What will happen to all those home equity loans and credit card debt used to finance stock market investments? How well are our banking institutions prepared to whether a severe bear market? My guess is not at all, as they are preoccupied with integration of computer systems, Y2k, expanding their business, internet banking etc. I would not be wanting to own banks right now.

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