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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (9442)	11/26/1997 9:20:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 18056

Sam, Could you refresh my memory about how (why) CCI got so cheap in early 1992 I wish I knew then. All I knew was that Citicorp is a well known name in international banking and it's stock was cheap. In fact, back then I wish I knew as much about investing as I know now. Those days I was just like many novice investors - like some I see on some of the threads on SI. CitiCorp dipped to 8ish in January 1992. I think it was due to some banking mess in Latin America or something (I am not sure.) It turned around after the Feds eased reserve requirements. quote.yahoo.com -Mohan

To: Sam Citron who wrote (9442)	11/26/1997 9:30:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 18056

Sam, I don't know the CCI specifics but I would guess like many banks they suffered big loan losses due to the bursting of the real estate bubble. Remember the politicians said the tax payer won't foot the bill well the savers did. The Fed lowered rates so the banks margins would improve at the expense of the saver. The saver in turn poured money into the stock mkt seeking higher returns. At the moment everyone is happy the banks and savers turned investor. the trouble is AG and company created a bigger bubble than the real estate bubble. How are you going to get us out of this one AG? Maybe we can continue to attract foreign funds so we can share the inevitable losses with them. Mike