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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (1657)	9/17/1998 7:37:00 AM
From: Box-By-The-Riviera™	Respond to of 3339

Thursday September 17, 4:36 am Eastern Time Berkshireholds $9 bln cash - WSJ please add U to addr line and E NEW YORK, Sept 17 (Reuters) - Warren Buffett, chairman of Berkshire Hathaway Inc., disclosed his company is sitting on $9 billion in cash at the present time, the Wall Street Journal reported Thursday. The well-known value investor said ''it's always beneficial for us when the market goes down,'' the report said. The market's recent slide ''hasn't been dramatic,'' Buffett added, according to the report. ''If the market declines significantly, you can be pretty sure that we won't have $9 billion in cash when we meet next year,'' he said, according to the report. Buffett said the company's cash position is the largest Berkshire has ever held on a dollar basis, the Journal reported.

To: Arik T.G. who wrote (1657)	9/17/1998 7:38:00 AM
From: Box-By-The-Riviera™	Respond to of 3339

Thursday September 17, 12:09 am Eastern Time Banks risk new wave of bad debt - report WASHINGTON, Sept 16 (Reuters) - Banks in the United States are lowering commercial lending standards in response to competition even though the risk that business borrowers will default on loans is rising, the Washington Post reported Thursday, quoting from a new report by the Office of the Comptroller of the Currency. The report showed a four-year trend, raising concerns that the nation's banks will be hit by a wave of sour domestic loans over the next 18 months, the Post said. ''Projecting risk over the next 12 months, credit risk is expected to further increase in all commercial portfolios,'' it quoted the OCC as saying in the report. ''Banks are leaving themselves with fewer options to control the risks associated with commercial lending should the economy falter,'' it said. Usually there is a lag of a year or more between the lowering of lending standards and the appearance of troubled loans. Federal bank regulators' concerns raised the specter of problems faced by the industry in the early 1990s, when Donald Trump and other real estate developers forced banks to renegotiate billions of dollars in loans or face defaults. The survey of 77 of the nation's largest banks was conducted in April, May and June by examiners in the Office of the Comptroller of the Currency, a Treasury Department unit that regulates national banks. ''For the fourth consecutive year, underwriting standards for commercial loans have eased,'' the report said, according to the Post. ''Examiners again cite competitive pressure as the primary reason for easing underwriting standards.'' The report showed that banks are lowering credit standards on domestic business loans, even as standards on foreign loans and domestic loans to consumers have been tightened. The survey's findings come as Congress prepares to vote on legislation that would revamp 65-year-old banking and securities laws. If passed, the law would greatly speed the pace of deregulation, which has proceeded slowly but surely over the last 15 years as banks, securities firms and insurers were allowed to enter into one another's businesses.

To: Arik T.G. who wrote (1657)	9/17/1998 10:01:00 AM
From: bobby beara	Respond to of 3339

ATG, to frustrate the bears, we had to make a couple of bounces off the uppertrendline of the parallelogram bearish flag. It looks to me we are in for a retest or break of 940. We hit a record overbought reading on the McOscillator yesterday, normally it would take days or a few weeks for the market to turn. I think XAU may be basing for a next upmove. POG is bouncing off it's downtrendline of 290 and the $USD is just as overbought as our stock market. bb