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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (40691)6/19/2000 7:36:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 42523
 
Bank stock analyst Charles Peabody VERY BEARISH on the group:

"THE PART OF THE ECONOMIC CYCLE CHARACTERIZED BY A
DETERIORATION IN CREDIT QUALITY IS NOW IN FORCE. THE
SECULAR BEAR MARKET IN BANK STOCKS HAS RESUMED. ITS
END IS LIKELY TO BE MARKED ONLY AFTER A 50% DROP IN
BANK STOCKS FROM CURRENT LEVELS, AT WHICH POINT THEY
WILL BE SELLING AT DISCOUNTS TO STATED BOOK VALUES."