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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)
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To: BDR who wrote ()1/12/1999 1:49:00 PM
From: James F. Hopkins   of 268
 
Dale; Keep an eye on the xlf, it's a new Amex index trust,
with a basket of Finance stocks, it can be bought, sold or shorted
, I have reservations about shorting this sector as they have such
a friend in CreemSpam. Not that it can't go down, but if it does
it in a serious way, every thing else goes to hell also, likely
to a greater extent.
By the time the Banks fail, most of the stock market is shot
to hell, the Fed will prop them and Insurance companies
up more than other sectors.
Jim
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