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.

Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) -- Ignore unavailable to you. Want to Upgrade?

To: S Shaw who wrote (24)	9/3/1998 9:21:00 AM
From: BDR	Read Replies (2) \| Respond to of 268

<<I have no idea who urged you to start this thread>> Scott, some day his/her identity will be revealed (g). Meanwhile back at the withdrawal window: Brokerage Stocks Fall Victim to Fickle Market nytimes.com Hedge Funds Registering Huge Losses nytimes.com Chase, DLJ Become Russian Casualties page A2 of the WSJ and I assume at wsj.com for subscribers Reductions in earnings announced so far for the 3rd quarter (unless otherwise specified) in millions: B of A $ 220 BankBoston 30 BT 350 CMB 200 CCI 200 Cr.Suisse 1st Bost 500 year to date DLJ "Below normal" income of $40 million JPM Unspecified but hundreds of millions Morgan Stanley 110 Republic New York 155 wiping out quarterly profits Salomon net loss of 150 in July/August Columbia Devalues Currency WSJ page A14 Pressuring Brazil, Venezuela, Mexico Malaysia's Currency Controls Create Upheaval WSJ A14 I won't get any "happy news" awards. (I tried several times to get the figures to line up nicely in a column but was unsuccessful. Sorry about that.)