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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: Haim R. Branisteanu who wrote (53747)	6/12/2000 12:37:00 PM
From: Square_Dealings	Read Replies (1) of 99985

<< it would be important to pay attention to the financial sector. >> Just caught the cnbc coverage of a trial challenging the legality of the cozy relationships between MasterCard and Visa. Evidently these two issue from many of the same banks. MasterCard and Visa are privately held by 21,000 and 23,000 respt. independent banks. So it still really strikes me that banks have to have a huge credit exposure. How do they become a good bet in a slowing economy and rising interest rates? Doesn't the risk of credit defaults far out way the upside from growth in the sector? In addittion to carrying high consumer debt these guys have also been leveraging themselves on derivatives and gold reserves they dont have to play the market. There's your bubble. M.

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