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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (8813)12/10/2000 8:29:34 AM
From: Logain Ablar  Read Replies (3) | Respond to of 30051
 
Zeev, Bosco:

Couple of points.

1) Bank of America. One loan to Sunbeam represented over $500M of the loan provision. Shows how banks have not been adding to the loss reserves even though quality has deteroirated. Its one of the canaries in the coal mine.

2) The FL recount. My one problem with the FL SC was they did not set a hard standard on what constitutes a vote. Means the 500+ votes for Gore in Broward county stand due to the dimples. MY Opinion, this is the UNFAIR aspect in the whole situation. If you watched some of the Broward recount (I only saw replays) there were many instances where one would go for gore, one would say no, the third would go for gore and the vote then counted for gore.

3) I'm playing Friday as a bear trap. I was caught and will try to minimize damage Monday morning.

Tim