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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Teri Garner who wrote (32066)	2/22/2002 9:04:30 AM
From: exp	Respond to of 99280

HOUSE OF CARDS: Japan banking system for one, however, I posted an article a few months ago with this title about British market and how VERY large bankruptcies occurred last 2 years in Britain WITHOUT ANYONE noticing something was wrong beforehand. This was a few weeks before Enron came into view and well before Enron bankruptcy. There is a SYSTEMIC flaw in US markets/fin. system which clearly allows for TRILLION dollar losses without ANY NOTICE beforehand (telecoms lost OVER a TRILLION dollars already). Who knows how many more firms will go BK before the Fed, etc. WAKE UP. Just look at Junk Bonds recent performance and yest. convertible bonds losses in K. Lipper's funds. SO JAPAN, JPM, etc. are SINKING but NOBODY cares. THEY WILL SOON!