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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (3317)	2/24/1998 11:13:00 PM
From: chirodoc	Respond to of 78498

<<<<Will MBK be the Citibank of our banking crisis, rising out of the ashes? 1. japan is finally deregulating the financial system after 7 years of stagnation. 2. mbk is the largest bank in the world and the strongest in japan. 3. the japanese have an arcane law that would not let them (sorry G-7) lower taxes until this spring. 4. they need to save face: cannot say will balance budget and then cut taxes. now can say, the ameircans and europeans have forced us (being so rich) to help them out...we were forced. 5. the japanese consumer has savings in 1-2% postal savings accounts--if a few % goes into stocks.......whoosh! 6. citibank is hot on their heels, offering 24 hr. checking, customer service, etc.--don't think the other banks aren't watching. 7. there has been minimal deregulation in airlines and ports. 8. the japanese consumer is finally getting fed up: this was the first year the japanese ski team used all foreign equipment. 9. merril lynch bought yamaiichi and with fideility hot on their heels they will show those japanese folks how they can make 5-10% per year on their investments--boom! it will go into the stock market. 10. hey, where else can you buy the biggest bank in the world for $12-$13? ..........i could go on. but, in summary, when things are at their worst (below 15K) and mbk is selling at $12 or less, i will be buying.