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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (54472)	6/17/2000 11:49:00 AM
From: Benkea	Read Replies (2) \| Respond to of 99985

haim: "Banks lend 80% of a home and if those homes appreciated over 20% in the last two years it is a very risky loan as the owner equity can or will be wiped out very easily." They lend a hell of a lot more than that. There are 3% down programs, but the average is less than 10% down which compares with 20% in 1990.

To: Haim R. Branisteanu who wrote (54472)	6/17/2000 11:54:00 AM
From: Box-By-The-Riviera™	Respond to of 99985

great post! thanks

To: Haim R. Branisteanu who wrote (54472)	6/17/2000 1:04:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

If the financial stocks continue to weaken, then the REAL BEAR will arrive with a vengeance. But must admit I was astounded by the extent of the recent rally in financial stocks. I have never before seen such strength this late in the cycle. And while the banks look to have peaked, broker stocks are still strong. Goven that bank and broker stocks still are at or near record highs, I see huge downside risk in these sectors now. Much more than for the quality tech stocks. People tend to forget that many bank and broker stocks have risen ten fold over the last decade. A 50% drop in many of these issues would not surprise me at all.