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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (59957)1/19/2001 5:48:52 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
it tried to hide at first, but my eagle eyes spotted it...-g-

imo the 10-min chart of the BKX today deserves to be named 'El Ugly'.

in q3, before the economy began to move into the tank, bad loans in the system expanded by 15%, and the banks loan loss reserves were at their lowest in 10 years, and their overall capital reserves/assets ratio hit a 14 year low.

so bank earnings will disappear from the face of the earth for several quarters most likely...the market's going to take notice eventually.
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