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To: ~digs who wrote (32605)1/10/2007 8:54:32 AM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
The stock markets around the world are taking gas lately. I posted Russia yesterday (6%) down large, (2% this morn) now today the Mexican index futures are down close to 2%.
Asia down, Europe down.
The S&P is getting close to my support number, and a close below 1397 could be the signal of a significant drop in the works.



To: ~digs who wrote (32605)1/31/2007 1:51:51 PM
From: Bucky Katt  Respond to of 48461
 
HOG has had a good dump the past few days.



To: ~digs who wrote (32605)2/27/2007 9:32:13 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
HOG dumping into $66



To: ~digs who wrote (32605)3/27/2007 11:11:26 AM
From: Bucky Katt  Respond to of 48461
 
HOG loans going bad>

Americans not only bought homes they couldn't afford, they also spent money they didn't have on Harleys.

Edward Aaron, an analyst for RBC Capital Market, said that Harley-Davidson (nyse: HOG - financial unit has seen increased delinquencies and losses on loans given out over the past few years.

One reason for that phenomenon, he said, is the same reason that the subprime lenders are in financial turmoil -- that is -- they lent money to risky borrowers.

"While we don't know which borrowers are accounting for the acceleration of loss rates in Harley's loan securitizations, it's stands to reason that the lower credit quality customer's would be accounting for most of that change," he said.

That doesn't mean Harley is on the verge of implosion, Aaron said in an interview. But it may cause the motorcycle company's earnings to sputter over the next few years.

Another reason for the increased delinquencies and losses on loans is a greater level of supply,
which have caused bikes to depreciate. (heavens no!)

"We are concerned that a lackluster rate of underlying demand growth in the U.S. has been marked to some extent by increased supply and credit exposure," he said in the report.