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Strategies & Market Trends : Strictly: Drilling II
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To: Jim Willie CB who wrote (21307)11/5/2002 7:38:51 AM
From: SliderOnTheBlack  Read Replies (1) of 36161
 
JimWillie - Japanese Banks still look worse than JPM:

from the daily reckoning:

["In the first couple of trading days in October, latent
losses on shares held by the 12 largest commercial banks
in Japan jumped by a stomach-churning 46% to US$41
billion, according to the Daiwa Institute of Research.
With the Nikkei 225 at the 8,600 level, the capital-to-
asset ratio of these banks is a bit more than 9%. That's
a smidgen above the minimum 8% required for banks to
operate internationally.

A drop of the Nikkei below
8,000 - a mere 7% drop below today's close at 8686 - and
some banks may indeed find themselves behind the eight
ball very, very soon.

(After all, what's another 686 points considering the
Nikkei has already lost four times that in less than two
months?) "]
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