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Discover Financial Services |
This dynamic might be contributing to the market slide. A lot of
investors who bought securities backed by sub-prime mortgages boosted
their purchases with borrowed money. They're seeing some serious
losses now. In order to raise funds to pay back those loans, they may
be selling stocks - a lot of stocks. Once the planet has upchucked
its former feast on mortgage backed investments, the sun will come out
again. I think DFS and MA are good stocks with a future. Think long
term and hang in there.