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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (8603)	8/5/2002 10:44:58 PM
From: pbull	Respond to of 13815

Despite what the Bush administration just said, yes, delinquencies are up significantly and those with mediocre credit histories are going to have a very difficult time here. Car loans for people who have histories of late payments run about 18 percent. And the card companies are being eaten alive. Short COF on the next big rally, as one way to play it. OK, here are a few facts to consider: 1. JPM is not going to go under, or whatever, despite what you hear about loans and derivatives and so forth. JPM's bonds, which yield about 6 to 6.5 percent, are trading a little above par. 2. A study by Smith Barney found that, if the Dow had risen at its historic post-WW II rate of 8.4 percent from 1995-99 instead of 20 percent, the Dow would now be at 7280. 3. Barron's had a positive article on AMD, of all things. PB