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.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Glenn D. Rudolph who wrote (16445)9/9/1998 4:07:00 AM
From: JBL  Read Replies (1) of 164684
 
As long as the Japanese bank situation is not sorted out, this market will remain bearish. This is why :

Solving this problem, either through a Resolution Trust Corporation type solution, or by letting the weakest banks fail (or a combined approach) will accelerate the Japanese recession, and will affect US and European markets in the short term.

Procrastination by the Japanese gvt, (which is likely given the lack of consensus, on this issue), will let the risk of a financial meltdown remain, and make it more likely as time goes. This will prevent institutional investors from jumping back in, and will lead to a slow but steady erosion in the Dow.

Greenspan's speech is an acknowledment of this dilemna, and really means "I'll step in if things turn too nasty too fast".

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