Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (7418)	11/7/1997 11:28:00 PM
From: Bilow	Read Replies (2) \| Respond to of 18056

In 1929, the Federal Reserve also gave warnings: On February 2, it addressed the individual Reserve Banks as follows: A member [commercial bank] is not within its reasonable claims for re-discount facilities at its reserve bank when it borrows either for the purpose of making speculative loans or for the purpose of maintaining speculative loans. The board has no disposition to assume authority to interfere with the loan practices of member banks, so long as they do not involve the Federal Reserve banks. It has, however, a grave responsibility whenever there is evidence that member banks are maintaining speculative security loans with the aid of Federal reserve credit. The Great Crash 1929 by John Kenneth Galbraith page 33 68 years later, the herd still doesn't listen. Well off to my evening's entertainment.... -- Carl

To: Cynic 2005 who wrote (7418)	11/7/1997 11:31:00 PM
From: Defrocked	Respond to of 18056

Actually it was last week too. From the South China Mail Post scmp.com The Nihon Keizai newspaper reported on Friday morning that leading regional bank the Bank of Yokohama would unload all the shares it holds in other firms over two or three years - with a book value of 600 billion yen (HK$37.8 billion). The bank issued a strong denial. But brokers said the report heightened concerns that Japanese banks and other corporations would speed the unravelling of cross-shareholdings that are maintained between firms to cement ties, and were once a pillar of Japan's postwar economic structure. ''It's a very aggressive indication that the cross-shareholding system will break down, and foreigners have taken this as a reason to get out,'' said Martin Keeble, head of dealing at Schroders Japan. ''If other banks do the same, it's going to create an enormous supply of stock onto the market over the next few years. It's all self-perpetuating.''

To: Cynic 2005 who wrote (7418)	11/7/1997 11:34:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 18056

Can you comment on the following? I think its right because S.Korea fell around 7% on Friday so now we're looking at another 3.87% tonight( their Sat.AM) techstocks.com TIA.

To: Cynic 2005 who wrote (7418)	11/7/1997 11:57:00 PM
From: purecntry5	Respond to of 18056

That is a bad sign...let the record show I am fully confident the market will be up significantly next week, especially Monday, the bull market has only begun, and for God's sake buy the dips if you want to be filthy rich. <ggg> Cowboy Brett