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.
Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?


To: pcstel who wrote (22518)3/14/2001 1:33:20 PM
From: pcstel  Respond to of 29987
 
Looks like everyone is suddenly taking hart of the Banking Problem in Japan again..

"1:00PM Dow -316, Nasdaq -44, S&P -33.72: Continued weakness in the U.S. equity markets due to concerns over the banking situation in Japan. Nineteen banks were placed on Rating Watch Negative by Fitch this morning and the equity markets aren't a place investors want to be. Not surprisingly, the 30-year bond is stronger today and the Yen is weaker as a consequence of financial uncertainty in Japan. The broader question for investors is whether prospective instability in Japan might result in loan losses and/or derivative losses for U.S. financial institutions with exposure to the troubled Japanese banks."

finance.yahoo.com

MARK TO MARKET.. IT'S COMMING!! And Greenspan will have to come to the rescue.. He may act before the FOMC meeting next week!! He can't let Japan get out of control...

JMO

PCSTEL