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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Terry Maloney who wrote (342092)8/28/2007 11:28:12 AM
From: Box-By-The-Riviera™  Read Replies (3) of 436258
 
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they all are, if the impact to earnings turns out to be severe.....including in particular, the raising of loan loss reserves from all time lows currently. across the board. hence the index is probably best bang for options buck....but i'm not. bkx is a bird in coal mine for frying bigger fish seems to me. but i don't know anything, so it doesn't matter either way. <g>

next key however is the depth of the spread to the commercial paper market. corporations can't function if the roll overs and loan lines dry up. business stops or becomes serverely handicapped.

and last but not least, credit cards....the last loan availble for the soon to be renting. i think those defaults en mass could be a verrrrrrrrrrrrrrrry significant number and one impacting not only the card companies themselves, but in house income statements from every retailer with a card.........etc etc etc etc etc.

now if the market decides to look forward to all that, well then they better use some pretty strong binoculars......going out 12 months or more. doom and gloom and more gloom and doom as far as the jaded eye can see.

zoom zoom zoom
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