Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 60.74

+4.6%

Jan 16 4:00 PM EST

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To: happy_camper who wrote (35074)	11/8/2008 11:50:45 AM
From: robert b furman	Read Replies (1) of 207866

Hi HC, My floor plan rate is based on 90 day libor. October 10th it was 4.82 - yesterday it hit a 4 year low @2.29. My floor plan rate has decined by over 50% in less than 30 days. If you can't sell them at least they aren't costing me as much. The flood of credit has not yet hit the reatil world,but when it does it will thaw the tight credit much like Libor has thawed this l;ast month. Both albeit were too slow - both will be revitalizing. When it hits the bears better be nimble. IMO Bob

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