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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: samson who wrote (190)1/30/1998 5:46:00 PM
From: robnhood  Read Replies (1) of 230
 
samson, Had to run this morning when I looked at the clock, anyway, I'll see if I can carry on. There was an orgiastic binge of buying in the banks last week, I would assume that almost everyone who wanted in, got in. This is what a blowoff top looks like if you ask me. The prime Minister has already stated that he does not like the idea of the merger. Personally I don't think much of it either. I can't believe huge pension funds are going to like it too much , with one broker controlling 32% of the market. There are months to wait for any answer. Quite frankly I can't think of one reason why they should'nt go down. BWDIK
russell
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