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To: Bucky Katt who wrote (7273)12/29/2000 5:26:06 PM
From: KM  Respond to of 13094
 
GE Capital was a joke in the post-(bankruptcy) petition lending area back in the last bankruptcy cycle in the early 90s. I remember working on cases where CEOs of companies in Chapter 11 wrote funny limericks about their outrageous practices. I guess outrageous depending on what side of the table you're on.

Don't know if you're still watching the rat HAXS but it took over a million shares of selling in the past week or so and held like a champ. It's sold out. I have a position in that so big, if I buy any more, I'll have to file something <G>

Happy New Year. I've enjoyed your posts all year.



To: Bucky Katt who wrote (7273)12/30/2000 12:22:02 PM
From: ACAN  Respond to of 13094
 
William; Did you notice how many dogs jumped up on Friday.
Had some up 30 to 40 %( not that they are even close to breakeven.

Regards,
Allan



To: Bucky Katt who wrote (7273)12/30/2000 4:00:23 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
William:

The FED is behind the Recession curve... We could see over half a million people out of work in the first Qtr of 2001 as more companies lay off or go belly up... That could have a downward cascading effect on the economy... While rate cuts may give the stock market a temporary goose, it won't be enough to stave off a downward earnings spiral...

The stock market signals the health of the economy in the months to come... Right now it's saying the economy has a Cold... The Fed was late in injecting some Chicken Soup... The Cold could turn into the Flu or Pneumonia...

Perhaps the European markets are ready for a good year as the Euro firms... I'll be looking at some European mutual funds in the days to come...

Jim