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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Skeet Shipman who wrote (40700)6/16/1999 11:34:00 PM
From: C.K. Houston  Read Replies (2) | Respond to of 94695
 
Based on the premise what goes up must come down, and y2k bank
withdrawals and stock selling will collapse the banking financial system. (Will the FED reserve bank deposit requirements be sufficient?) It will warm your Kahuna heart.


Here's what Federal Reserve Bank San Francisco has to say:
Message 10129152

Better yet ... read the FDIC SURVEY results: Y2K And The Banking Industry - Baseline Survey Report

- 62% will definitely or probably withdraw some extra cash.
- 14% will definitely or probably withdraw ALL deposits.

fdic.gov

Cheryl




To: Skeet Shipman who wrote (40700)6/17/1999 6:16:00 AM
From: William H Huebl  Respond to of 94695
 
Skeet,

Like I have been saying... this week is an up week... next week SHOULD (all the caveats apply here) be down.

But I will wait for Barron's and the mutual fund flows which have been flat to negative.

Bill