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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (16360)	9/8/1998 1:20:00 PM
From: Link Lady	Read Replies (1) \| Respond to of 18056

Wanna Be a Market Timer? Consider The Diaper Theory techweb.com The Diaper Theory is straightforward. When stocks are dropping so fast that most investors are beginning to wet their pants, it usually means we're approaching a bottom. Here we are only a few days after the most recent plunge, and most investors are still putting up a brave front even though we seemed to be close to Pamper Time during Monday's closing hour. For this reason, we'd bet there will be more bloodletting before the Diaper Theory signals a buying juncture. Even so, it may be time to start nibbling.

To: John Hunt who wrote (16360)	9/9/1998 5:35:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 18056

Japanese Bank Crisis Said to Be Worsening washingtonpost.com << Japan's 19 major banks, as a sector, had more liabilities than assets as of Aug. 28, according to Yukiko Ohara, a banking analyst with Morgan Stanley Dean Witter. In the latest edition of Economist, a leading Japanese weekly business magazine, she estimated the net capital of the largest 19 banks would be a negative $7.6 billion if banks were required to write off significant portions of their bad loans. "The amount of bad loans has expanded like a snowball sliding down a slope," said Seiroku Kajiyama, a veteran LDP politician and banking reform advocate who ran unsuccessfully against Keizo Obuchi this summer for the post of prime minister. >>