Load up on Visa and Mastercard

Discussion in 'Stocks' started by stock_trad3r, Oct 30, 2008.

  1. S2007S

    S2007S



    Not happening, you can keep wishing, these stocks will NEVER see those prices.


    V price target: $30

    MA price target: $ way below $100.


    SELL now, transactions will be drying up greatly over the next 12-18 months as CREDIT CARD delinquencies start to skyrocket and $1 TRILLION worth of debt hits this economy extremely hard.


    No one is going to be using credit cards after the next great problem unwinds in this industry, getting credit as easy as it was just 6 months ago will be nearly impossible over the next 18 months as only a few selected with great credit will be the ones apporved for these pieces of plastic.
     
    #61     Nov 6, 2008
  2. 50_Bip

    50_Bip

    Credit cards are so passé. Saving money and paying off debt is the 'new' thing.
     
    #62     Nov 6, 2008
  3. Adobian

    Adobian

    So true. It if this mean selling your house.

    I can see further reduction in housing prices.
     
    #63     Nov 6, 2008
  4. wrong

    consumerism, spendism far from over
     
    #64     Nov 6, 2008