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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (6551)2/13/2001 1:56:21 AM
From: Square_Dealings  Read Replies (1) of 19219
 
J.T. It is amazing that people find the banks so attractive here as 1000's of people are being laid off every other day adding strain on the bulging credit bubble. This week is critical in resolving the CA utility debt also as the courts will decide who is going to pay or if the creditors are going to have to eat the $20+Bln debt these utilities have racked up.

I think the risk factor in banks is much higher than is reflected in the charts.

M.
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