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To: L. Adam Latham who wrote (168594)	7/22/2002 11:31:01 PM
From: L. Adam Latham	Read Replies (1) \| Respond to of 186894

All: Looks like CitiGroup could be a negative catalyst tomorrow - Drudge says NY Times is claiming CitiGroup help Enron hide their financial condition. Ouch. At least I don't own any substantial positions in financial stocks. Adam

To: L. Adam Latham who wrote (168594)	7/23/2002 12:01:02 AM
From: kapkan4u	Respond to of 186894

<I personally think the markets are reacting to the over-reaction of Congress, and Bush could end the downturn by vetoing this legislation.> The left is using the corporate scandals to launch an attack on capitalism, which doesn't help the stocks. But the main reason for the recent tumble is that the stocks are anticipating a crash in consumer spending and a double-dip recession. Look at consumer debt stocks like MBNA and Capital One. The consumer (and corporate) debt loads are off the charts. Kap