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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: dennis michael patterson who wrote (28756)1/29/2002 10:53:51 PM
From: Challo Jeregy  Read Replies (2) of 52237
 
Look at the BAC chart. It had three black crows rolled into one today.

And, er, what does this foretell of construction cos?

Bank Of America Cancels Lines Of Credit For
Contractors

Bank of America canceled unsecured lines of credit for
some of its commercial contractor clients, according to
Julie Westermann, media spokesperson for the Charlotte,
N.C.-based bank.

"In light of falling economic conditions, we made a
strategic decision to both reduce and limit our credit
exposure to commercial contractors," she said. "Our
experience tells us that, during periods of economic
slowing, our portfolio of commercial contractor loans is
very vulnerable to deterioration."

pmmag.com
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