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

To: Haim R. Branisteanu who wrote (10199)	11/22/1997 2:38:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 94695

Haim My point is that if we buy the semis now or certainly before the Jan effect and NOT trade them, we'll all be a hellava lot richer next year at this time... Now read this, & see what they said about "Other" brokers... Saturday November 22, 2:26 am Eastern Time Yamaichi failure like atomic bomb - industry chief OSAKA, Japan, Nov 22 (Reuters) - A possible shutdown of operations at Yamaichi Securities Co Ltd (8602.T) would have a substantial impact on the securities industry and Japanese business in general, Goro Tatsumi, Osaka regional chief of the Japan Securities Dealers' Association (JSDA) said on Saturday. ''It's like an atomic bomb. There would be a considerable impact on the securities industry as well as the nation's business as a whole,'' Tatsumi, also president of second-tier brokerage Kosei Securities Co Ltd (8617.T), told Reuters. The suspected existence of massive off-balance sheet liabilities at Yamaichi exceeding 200 billion yen, revealed by the Finance Ministry earlier on Saturday, would lead to a drop in the credibility of Japan's securities industry and thus have an impact on the stock market as well, he said. ''This would also strengthen the position of foreign brokerages here, which are taking the lead in terms of their ability to develop new products and manage funds,'' he added. He added that it would become difficult for brokerages affiliated with Yamaichi to survive, since they had been too dependent on Yamaichi, although there was still some chance for them to obtain external support. - Tokyo Equities Desk (813) 3432-9404 Related News Categories: US Market News, international Copyright c 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon Important Disclaimers and Legal Information Q