OK- here is a "Psychology" alert for your consumption:
Headlines this morning out of the United Kingdom:
A Bank Run- Hundreds of people standing in line to pull all their money out of the bank:
http://biz.yahoo.com/ap/070917/brita...ock.html?.v=11
Tell me this is not 1929 all over again.........
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"The British Broadcasting Corp. reported Sunday that customers had withdrawn nearly 2 billion pounds ($4 billion) from Northern Rock accounts, though CEO Adam Applegarth refused to give a figure.
Speculation about a takeover ran rampant.
"The images of customers queuing up in the high street has done irreparable damage to the franchise," said Nic Clarke, an analyst for Charles Stanley & Co. in London.
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