Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (58786)	1/20/2000 1:00:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

You guys can have the financial services companies. I am steering clear for now. Most folks who live around here have adjustable rate mortgages on huge houses as investments. If interest rates go up significantly many will default on their mortgages. Consumer credit debt is also at sky high levels. If interest rates go up significantly you can count on a high level of defaults and bankruptcies. I remember buying citicorp stock for $14 in the 80's. I suspect I may get the chance again in the next few years. For now, I am staying with the industry that will most profit from rising interest rates - right here.