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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (1291)	8/27/1998 11:49:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 3339

If you wan't to talk fundamentals on banks, do what peter lynch does and investigate your daily life. It's hard not to notice the daily flood of credit card offers or phone calls from leasing companies, etc. Banks are taking on fundamentally unsound credit risk to keep the street happy with earnings. Risks that would have never been taken 5 years ago. When the economy slows, international bad paper will be mixed in with our own domestic bad paper (already historic bankruptcy rates in this supposed wonderful economy) That's why we are approaching a cyclical turn from paper assets to hard assets and it's coming sooner, rather than later. Don't dismiss the weakness in banks to lightly, much more serious than the transports debacle. bb