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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Shtirlitz who wrote (4080)10/13/1998 8:32:00 AM
From: anyer  Respond to of 18998
 
Cramer on Street.com this AM warning of Mortgage Cesspool with companies leaking toxic waste. Says unrestrained credit leverage unraveling. General mkt not to improve until this is unwound.

No specific companies mentioned.

Anyer



To: Shtirlitz who wrote (4080)10/13/1998 9:21:00 AM
From: RockyBalboa  Read Replies (1) | Respond to of 18998
 
The the other earnings today are bleak.

MER post a nice loss, COF, ok earnings at $1 inline with estimates, but the COF comments are much too optimistic. I sell the news on MER, as it is at 42 and COF, as they have a pretty high number of delinquents, but they yell around how well they do. No, not that good!

C.