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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: pater tenebrarum who wrote (48766)5/1/2000 10:52:00 AM
From: Crimson Ghost  Read Replies (1) of 99985
 
Heinz:

You might be interested in a letter I got from Fidelity last week.

To quote:

"With the PLEDGED ASSETS PRODUCTS from Fidelity and GMAC Mortgage qualified Fidelity customers can buy a home or v action property WITHOUT A CASH DOWN PAYMENT."

"Instead of liquidating your assets for a down payment, you can pledge a portion of your eligible Fidelity Brokerage account assets and finance up to 100% of a mortgage."

Talk about doing all they can to keep the bubble going as long as possible. And this when the economy already is dangerously overheated.
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