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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (56373)10/6/2008 4:59:10 PM
From: Oral Roberts  Read Replies (1) | Respond to of 57110
 
Yes i did close them. Had some pretty good gains obviously and I can't help but feel we need a bounce. After a bounce I will reevaluate but I won't want any part of the financial for a long time no matter what.

You know in my adult life there have been 3 lending "crisis". The ag lending problem of the late 70's, the S&L debacle and now this. All happened for the exact same reason, greed and bad lending practices.

When will we ever learn. Sounds like a song in fact:)