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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (842)	11/23/1998 1:02:00 PM
From: ahhaha	Respond to of 3558

They are in the same shape they have had for 40 years. They're too big to fail. That means government will bail them out. As far as balance sheet situation with respect to speculating and hedging, it's all irrelevant regardless of the FED using that kind of excuse to rationalize questionable monetary policy. The sturm und drang of the summer was blown way out of proportion. It was a panic over a potential scenario. The FED's reaction to the panic is putting in place the necessary basis for real trouble. The big bank stocks will rally as long as FED pumps, then they'll start down again. That has nothing to do with the possibility of failure, it has to do with profitability cycles. If the banks want to increase profits, they need to increase revenues. That's done by shelving the absurd paranoia they have maintained for years, and start competing by lowering their primes rapidly.