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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (13051)	12/12/1997 12:52:00 AM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Big Buck, >If Korea defaults on its'loan obligations (assuming a new political party came to power) It would mean that all investment banks/entities that loaned Korean companies money would be at risk. It could forshadow the closure of numerous Korean companies due to lack of funding or foreign investment. If large Korean companies do go "belly up" foreign banks are at risk in Japan, Taiwan and potentially in the US since they won't get back the money lost! That is the logic behind my prior post.< The Bank situation is one of my concerns and what bank defaults will have on US Banks, etc. In looking at the DW chart rankings, the Bank sector is at the 92.60% far exceeding the high deviation and in the overbought area. I am waiting for the money sectors like banks, savings and loans at the 85.50%, real estate at 78.20% and Wall Street at 78.20% to take a fall, statistically. The precious metal sector (gold, etc.) is at 5.80%, the lowest it has been at since before 1990. Electric utilities are at 77.30% and gas utilities are at 76%. Anyone knowledgeable on the banking and related sector care to respond or are my concerns of no importance? Naturally, this is my person opinioned interpretation of the DW Charts, caveat emptor. Paul V.