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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (9355)	11/8/1997 8:39:00 PM
From: Joseph G.	Read Replies (2) \| Respond to of 94695

DK, <<The point is, the credit card companies are taking foolish risks, and when they get taken to the cleaners, I can't muster much sympathy. Actually, if some of them go bankrupt themselves, maybe I'll get a little relief from the barrage of solicitations via mail and phone.>> You know, of course, that largest credit card companies are Travelers (a Dow stock), Citicorp and Bank of America - and that they will not be allowed to go bunkrupt - just another $600B or $1,200B taxpayer financed bailout will occur, a la S&L bailout. Joe

To: Dwight E. Karlsen who wrote (9355)	11/9/1997 12:55:00 PM
From: Jay k.	Read Replies (1) \| Respond to of 94695

/But it seem to me that, while there are always going to be people taking foolish risks, I can't believe that these people investing with credit card debt are in the majority. When/if the two individuals you mentioned get a margin call (and are unable to come up with the cash)/ I'm one of those people who borrowed on credit card last year to increase my buying power. Only reason I did this was because of the special introductory offer of 5.9% for 6month-1year. I figured I could pay the 5.9% without any problem. Maybe make some money with it. I would never borrow from credit card where I have to pay 19% interest etc... I'm debt free now, always want to keep it that way. But I have known friends, co-workers etc... who borrows heavily and are in debt up to their necks... Some of them who invest in the stock market. B/regards