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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (25387)1/11/2003 1:05:37 PM
From: Silver Super Bull  Read Replies (1) | Respond to of 36161
 
RW,

RE: <Yes, but those stocks prices has already discounted a good portion of the dark side. The names I've mentioned are still doing the "La de da", Alfred E Newmann "What me worry" dance.>

Good analogy <g>. I can see a lot of potential bankruptcies among the finance/consumer finance companies. Many of these companies are struggling with these interest rates, which is fairly unbelievable, given the spread they have by charging 12-20+% on a lot of the consumer lending, yet borrowing at far less than 5%. When the interest rates rise in earnest it will be something to really watch.

DB