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

To: Investor2 who wrote (10223)11/22/1997 9:46:00 PM
From: William H Huebl  Respond to of 94695
 
Hi I2,

Thanks for the update - but others may not know all that stuff, and it is how it is perceived by the markets that is going to take its toll.

BWDIK?

Bill



To: Investor2 who wrote (10223)11/22/1997 10:01:00 PM
From: Elllk  Read Replies (1) | Respond to of 94695
 
I2

The fear is that Yamaichi's practices were probably not all that atypical and many firms may have been doing many of the same things. I believe Yamaichi, in fact, was the oldest firm.

The rise in the Tokyo market last week was in part due to Yamaichi and (like Yamaichi) other financial firms buying back their own shares at furious rates trying to instill confidence.

Larry


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