SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : MBK---------Bank of Tokyo Mitsubishi Ltd
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lucretius who wrote ()7/23/1998 12:50:00 PM
From: Paul Berliner  Read Replies (1) of 170
 
7/97,The BOJ refused to release fgures on off-balance sheet items
of the Japanese Banks. This says the worst is yet to come. Anybody who jumps in now thinking this is Citibank in 1990 has another thing coming. It's nothing like that. You can't pick a JPN stock just because its really cheap and hope you're getting in at the bottom. The
broader picture is different than that. JPN stocks in general won't go up until all balance sheets are marked-to-market, a practice not required under JPN GAAP. When this happens, there will be a last, massive fall, probably to 11,000, and then it'll move sideways for a while as hundreds of additional bankruptcies are declared. Don't think 1)a Rubin intervention done only because the Pres. was visiting China and
2) a new PM might help, that things are bottoming. China will devalue, the yen will continue to weaken and Asia will continue to have capital
outflows and be attacked by Mr. Soros and Mr. Robertson. It wouldn't
bet against them. MBK won't be CCI in 5 years anyway because its a totally different type of mgmt. over there, plus, their margins suck.
If you want to play a bounce in 2 years to say, $30, then scale into it a little at a time by dollar cost averaging it as it falls. It'll hit a new low within 1 month.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News