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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (13184)	7/29/2002 10:51:48 PM
From: techanalyst1	Read Replies (2) \| Respond to of 57684

Well... I'll tell you what Scott.... I went to the bank again today and there was an older gentleman at the teller's window and he was ahem... a little bit upset. His check got a hold put on it. I could hear him telling the teller that he has brought a check in every month from the same source for over 10 years and needed some cash back... same as he always does every month.... never bounced yada yada yada. But no can do. Same thing that happened to me... a hold on a good customer and there was another guy that happened to on another day I was there and the same thing happened to a guy at my sister's bank... same deal. That is FOUR customers who were all upset cuz they never had a hold and never bounced a check all getting 10 day holds. So this guy tells the teller.... "You don't have enough reserves do you? My money isn't even safe here is it?" They gave him his money, but told him next month he had to have a hold put on the check so he better make plans now. LOL! Poor old guy... probably uses cash for buying stuff. Imagine that! My sister's bank refused to give her a CHECK to close her SAVINGS account (a regular account, not a cd). Told her she had to come back in a few days... for a CHECK, not cash! Something feels wrong when I go to the bank. So... if the financials are in trouble, then the whole market probably is too, but really, even if valuations ARE so high, it doesn't mean that we will go lower. I think it's a mistake to think that we MUST go to previous trough levels. TA