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DiscoverCard (MWD) & Amex (AXP) in distribution.

April 1 2002 at 10:12 AM
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Financial Services Stocks 
from IP address 209.240.222.131

The hot stock days for Morgan Stanley and American Express are over. Insiders are unloading like crazy.

There are major DiscoverCard and American Express service centers in Phoenix where I live. They're major employers. It's going to be interesting to see their demise over the next few years- or even months. That's going to represent a lot of empty office space. Maybe the State of Arizona can turn them into "unemployment centers".

A lot of kids are making tons of money in these call centers right now and their car payments are still being made. They pass me on the highway going over the speed limit all the time. We'll see how fast they drive and how cool they look once interest rates start back up and foreigners start selling dollars, collapsing the U.S. "greenback". He he.

 

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